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

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

VCI Global Stock Up 3.8 %

VCI Global stock opened at $0.76 on Thursday. VCI Global has a twelve month low of $0.54 and a twelve month high of $68.60. The stock’s fifty day simple moving average is $1.00 and its 200-day simple moving average is $2.93.

Institutional Trading of VCI Global

An institutional investor recently bought a new position in VCI Global stock. Millennium Management LLC acquired a new position in shares of VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to the company in 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 0.11% of VCI Global at the end of the most recent quarter. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

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.