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

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 637,200 shares, an increase of 16.7% from the February 13th total of 546,000 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 3,560,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of VCI Global

An institutional investor recently bought a new position in VCI Global stock. Millennium Management LLC bought a new stake in VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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. Hedge funds and other institutional investors own 0.20% of the company’s stock.

VCI Global Stock Up 3.8 %

VCIG stock opened at $0.76 on Thursday. The firm’s 50 day moving average price is $1.00 and its 200-day moving average price is $2.93. VCI Global has a one year low of $0.54 and a one year high of $68.60.

VCI Global Company Profile

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.