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

VCI Global Limited (NASDAQ:VCIG) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 916,200 shares, an increase of 441.2% from the November 15th total of 169,300 shares. Based on an average daily trading volume, of 5,380,000 shares, the short-interest ratio is currently 0.2 days. Approximately 28.6% of the company’s stock are sold short.

VCI Global Stock Down 12.7 %

NASDAQ:VCIG traded down $0.27 during trading hours on Wednesday, reaching $1.85. 1,317,024 shares of the company’s stock were exchanged, compared to its average volume of 1,487,582. The company has a 50-day moving average of $3.60 and a 200 day moving average of $13.70. VCI Global has a 1-year low of $1.38 and a 1-year high of $142.10.

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.