VCI Global Limited (NASDAQ:VCIG) Sees Significant Growth in Short Interest

VCI Global Limited (NASDAQ:VCIG) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,050,000 shares, anincreaseof152.5% from the July 15th total of 415,900 shares. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately5.1% of the company’s shares are short sold. Approximately5.1% of the company’s shares are short sold. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is presently 0.3 days.

VCI Global Price Performance

Shares of VCIG opened at $0.81 on Friday. The firm has a fifty day moving average price of $1.62 and a 200-day moving average price of $6.76. VCI Global has a 12-month low of $0.75 and a 12-month high of $264.60.

Institutional Investors Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC acquired a new stake in shares of VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned 0.11% of VCI Global as of its most recent SEC filing. 0.20% of the stock is owned by institutional investors and hedge funds.

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.