VCI Global Limited (NASDAQ:VCIG) Short Interest Update
by Mitch Edgeman · The Markets DailyVCI Global Limited (NASDAQ:VCIG – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 989,757 shares, a growth of 457.8% from the May 14th total of 177,440 shares. Approximately 48.3% of the shares of the stock are short sold. Based on an average daily volume of 16,660,581 shares, the days-to-cover ratio is currently 0.1 days.
VCI Global Stock Performance
VCI Global stock traded down $0.11 during trading on Thursday, reaching $5.58. 46,411 shares of the company were exchanged, compared to its average volume of 1,882,332. VCI Global has a 52-week low of $0.71 and a 52-week high of $5,796.00. The stock’s 50 day simple moving average is $2.35 and its two-hundred day simple moving average is $20.85.
Institutional Investors Weigh In On VCI Global
A hedge fund recently bought a new stake in VCI Global stock. Jane Street Group LLC acquired a new stake in VCI Global Limited (NASDAQ:VCIG – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global at the end of the most recent quarter. Institutional investors own 0.20% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of VCI Global in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on VCI Global
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.