VCI Global Limited (NASDAQ:VCIG) Short Interest Down 15.9% in March

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

VCI Global Trading Down 21.8 %

VCIG stock opened at $0.33 on Wednesday. The firm’s fifty day simple moving average is $0.83 and its two-hundred day simple moving average is $2.50. VCI Global has a twelve month low of $0.29 and a twelve month high of $68.60.

Institutional Trading of VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC bought a new position in VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 reporting period. 0.20% of the stock is 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.