Short Interest in VCI Global Limited (NASDAQ:VCIG) Declines By 15.9%

VCI Global Limited (NASDAQ:VCIG) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 536,200 shares, a decline of 15.9% from the February 28th total of 637,200 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 2,420,000 shares, the days-to-cover ratio is presently 0.2 days.

VCI Global Price Performance

NASDAQ:VCIG opened at $0.32 on Thursday. VCI Global has a 12-month low of $5.74 and a 12-month high of $1,372.00. The firm has a 50-day moving average price of $0.81 and a 200 day moving average price of $2.49.

Hedge Funds Weigh In On VCI Global

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

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.