VCI Global Limited (NASDAQ:VCIG) Sees Significant Drop in Short Interest

VCI Global Limited (NASDAQ:VCIG) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 30,512 shares, a decline of 79.0% from the June 15th total of 145,436 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 85,133 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VCI Global stock. Jane Street Group LLC bought a new stake in VCI Global Limited (NASDAQ:VCIG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global as of its most recent SEC filing. Institutional investors own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VCI Global in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

VCI Global Stock Performance

VCI Global stock traded down $0.12 during trading hours on Monday, reaching $2.12. The stock had a trading volume of 23,169 shares, compared to its average volume of 1,607,700. The business’s 50 day moving average price is $3.41 and its 200-day moving average price is $12.54. VCI Global has a 52 week low of $0.71 and a 52 week high of $2,421.00.

About VCI Global

VCI Global, Inc (NASDAQ: VCIG) is a provider of outsourced receivables management and credit risk mitigation solutions for corporations, financial institutions and government agencies. The company offers end-to-end account administration services designed to streamline the order-to-cash cycle, helping clients improve cash flow, reduce days sales outstanding and mitigate credit risk across domestic and international markets.

VCI Global’s suite of services encompasses credit application processing, account setup, credit file creation, early-stage reconciliation and disputes management, cash application, and first- and third-party collections.