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

VCI Global Limited (NASDAQ:VCIG) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 169,300 shares, an increase of 39.1% from the October 31st total of 121,700 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average trading volume of 356,400 shares, the days-to-cover ratio is presently 0.5 days.

VCI Global Trading Up 7.1 %

Shares of NASDAQ:VCIG traded up $0.29 on Friday, hitting $4.39. 29,910,616 shares of the company’s stock were exchanged, compared to its average volume of 1,357,051. The firm’s 50-day moving average is $4.30 and its 200 day moving average is $16.15. VCI Global has a 1-year low of $1.38 and a 1-year high of $147.00.

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.