Short Interest in VCI Global Limited (NASDAQ:VCIG) Rises By 87.1%

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 320,300 shares, an increase of 87.1% from the July 15th total of 171,200 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 624,800 shares, the days-to-cover ratio is presently 0.5 days.

VCI Global Stock Performance

Shares of VCIG traded down $0.01 during midday trading on Tuesday, hitting $0.19. The stock had a trading volume of 1,896,329 shares, compared to its average volume of 695,304. VCI Global has a 1 year low of $0.18 and a 1 year high of $9.35. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $0.51 and its 200 day moving average is $0.86.

VCI Global Company Profile

VCI Global Limited, together with its subsidiaries, provides business and technology consulting services in Malaysia. The company offers business strategy consultancy services, including listing solutions, investors relations, and boardroom strategies consultancy. It also provides technology consultancy services and solutions, such as digital development, fintech solution, and software solutions.