VCI Global Limited (NASDAQ:VCIG) Sees Large Growth in Short Interest

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 637,200 shares, an increase of 16.7% from the February 13th total of 546,000 shares. Based on an average trading volume of 3,560,000 shares, the short-interest ratio is currently 0.2 days. Currently, 1.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC purchased a new stake in VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned 0.11% of VCI Global at the end of the most recent reporting period. Institutional investors and hedge funds own 0.20% of the company’s stock.

VCI Global Trading Down 1.7 %

VCIG stock opened at $0.73 on Wednesday. The business’s 50-day moving average price is $1.02 and its two-hundred day moving average price is $2.94. VCI Global has a 1-year low of $0.54 and a 1-year high of $68.60.

About VCI Global

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.