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

VCI Global Limited (NASDAQ:VCIG) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,050,000 shares, agrowthof152.5% from the July 15th total of 415,900 shares. Based on an average daily trading volume, of 3,540,000 shares, the days-to-cover ratio is currently 0.3 days. Currently,5.1% of the company’s shares are sold short. Currently,5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,540,000 shares, the days-to-cover ratio is currently 0.3 days.

VCI Global Stock Down 5.1%

VCIG stock opened at $0.81 on Friday. VCI Global has a one year low of $0.75 and a one year high of $264.60. The firm has a 50-day moving average of $1.62 and a two-hundred day moving average of $6.76.

Institutional Trading of 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) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.11% of VCI Global at the end of the most recent quarter. 0.20% of the stock is owned by 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.