VCI Global Limited (NASDAQ:VCIG) Stock Short Interest Report for October

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 161,890 shares, an increase of 5,018.2% from the September 30th total of 3,163 shares. Currently, 12.7% of the company’s shares are sold short. Based on an average daily volume of 14,682,102 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of VCI Global in a report on Friday, October 16th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, VCI Global has a consensus rating of “Sell”.

VCI Global Trading Up 6.6%

Shares of NASDAQ:VCIG opened at $0.26 on Wednesday. The firm’s 50 day moving average price is $1.53 and its 200-day moving average price is $99.06. VCI Global has a twelve month low of $0.21 and a twelve month high of $3,195.00.

VCI Global (NASDAQ:VCIG) last posted its quarterly earnings results on Friday, October 16th. The company reported ($8.27) earnings per share for the quarter. The business had revenue of $1.28 million for the quarter.

VCI Global Company Profile

VCI Global Limited is a diversified consulting and technology company headquartered in Kuala Lumpur, Malaysia. The company provides advisory and professional services to public and private businesses, with activities spanning capital markets, corporate finance, mergers and acquisitions, fundraising, and initial public offerings.

Through its technology-related operations, VCI Global focuses on fintech, artificial intelligence, robotics, and blockchain applications. Its services and solutions are intended to support digital transformation and the development of technology-enabled businesses.