VCI Global Limited (NASDAQ:VCIG) Short Interest Up 27.5% in March

VCI Global Limited (NASDAQ:VCIG) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 326,400 shares, a growth of 27.5% from the March 15th total of 256,100 shares. Based on an average trading volume of 862,200 shares, the days-to-cover ratio is presently 0.4 days. Approximately 6.2% of the company’s shares are short sold.

VCI Global Trading Up 3.4 %

Shares of VCI Global stock opened at $1.21 on Monday. The business has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.99. VCI Global has a 1-year low of $0.81 and a 1-year high of $24.20.

Institutional Investors Weigh In On VCI Global

Several large investors have recently added to or reduced their stakes in VCIG. Barclays PLC bought a new position in shares of VCI Global during the 3rd quarter worth approximately $37,000. Tower Research Capital LLC TRC bought a new position in VCI Global during the second quarter worth $48,000. Finally, Geode Capital Management LLC acquired a new stake in VCI Global in the second quarter worth $101,000. Institutional investors and hedge funds own 0.20% of the company’s stock.

VCI Global Company Profile

VCI Global Limited provides business and technology consulting services in Malaysia, China, Singapore, the United States, and the United Kingdom. The company offers business strategy consultancy services, including listing solutions, investors relations, and boardroom strategies consultancy; and technology consultancy services and solutions, such as digital development, fintech solution, and software solutions.