VCI Global Limited (NASDAQ:VCIG) Short Interest Up 505.7% in June

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 266,500 shares, an increase of 505.7% from the May 31st total of 44,000 shares. Based on an average daily volume of 433,700 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Trading of VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Barclays PLC purchased a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $37,000. Institutional investors and hedge funds own 0.20% of the company’s stock.

VCI Global Stock Performance

Shares of NASDAQ VCIG traded up $0.01 during midday trading on Friday, hitting $0.60. 130,329 shares of the company’s stock were exchanged, compared to its average volume of 819,617. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.01. VCI Global has a 12 month low of $0.55 and a 12 month high of $9.35. The company’s 50 day moving average price is $0.86 and its 200 day moving average price is $1.17. The firm has a market capitalization of $22.78 million, a PE ratio of 1.76 and a beta of 0.37.

About VCI Global

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.