Concorde International Group Ltd. (NASDAQ:CIGL) Short Interest Up 1,685.4% in July

Concorde International Group Ltd. (NASDAQ:CIGL) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 175,594 shares, a growth of 1,685.4% from the July 15th total of 9,835 shares. Based on an average trading volume of 6,539,049 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Concorde International Group in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Concorde International Group has an average rating of “Sell”.

Concorde International Group Stock Performance

NASDAQ:CIGL traded up $0.15 during trading hours on Tuesday, hitting $0.60. 103,457,354 shares of the stock were exchanged, compared to its average volume of 2,408,174. The company’s 50 day moving average is $0.55 and its two-hundred day moving average is $1.27. Concorde International Group has a twelve month low of $0.36 and a twelve month high of $7.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.57.

About Concorde International Group

Concorde International Group, Inc (NASDAQ: CIGL) is a diversified holding company operating through a portfolio of subsidiaries that deliver digital asset mining solutions, strategic consulting services and security compliance offerings. Headquartered in Reno, Nevada, the company leverages its technical and advisory expertise to support clients in emerging technology sectors, traditional industries and regulated markets.

In its digital asset mining segment, Concorde International Group designs, constructs and operates high-capacity cryptocurrency mining facilities across North America.