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

VCI Global Limited (NASDAQ:VCIG) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 2,110,000 shares, a growth of 30.2% from the September 30th total of 1,620,000 shares. Based on an average daily trading volume, of 6,190,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.1% of the shares of the stock are sold short.

VCI Global Trading Up 16.1 %

Shares of VCIG traded up $0.01 during midday trading on Tuesday, hitting $0.09. 271,063,500 shares of the company traded hands, compared to its average volume of 3,803,735. The stock has a 50-day moving average of $0.14 and a 200-day moving average of $0.50. VCI Global has a one year low of $0.07 and a one year high of $3.71.

VCI Global Company Profile

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.