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

VCI Global Limited (NASDAQ:VCIG) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 145,436 shares, a decline of 85.3% from the May 31st total of 989,757 shares. Currently, 7.1% of the company’s shares are short sold. Based on an average daily volume of 765,080 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VCI Global stock. Jane Street Group LLC purchased a new position in VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

VCI Global Stock Performance

Shares of VCIG opened at $3.77 on Friday. The business has a 50-day moving average of $3.09 and a 200-day moving average of $16.13. VCI Global has a 1 year low of $0.71 and a 1 year high of $4,408.38.

About VCI Global

VCI Global, Inc (NASDAQ: VCIG) is a provider of outsourced receivables management and credit risk mitigation solutions for corporations, financial institutions and government agencies. The company offers end-to-end account administration services designed to streamline the order-to-cash cycle, helping clients improve cash flow, reduce days sales outstanding and mitigate credit risk across domestic and international markets.

VCI Global’s suite of services encompasses credit application processing, account setup, credit file creation, early-stage reconciliation and disputes management, cash application, and first- and third-party collections.