Short Interest in VCI Global Limited (NASDAQ:VCIG) Drops By 94.1%

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 31,500 shares, a decline of 94.1% from the March 15th total of 536,200 shares. Based on an average daily volume of 141,000 shares, the short-interest ratio is presently 0.2 days. Currently, 1.2% of the shares of the company are short sold.

VCI Global Stock Up 7.0 %

Shares of NASDAQ VCIG traded up $0.17 during midday trading on Monday, reaching $2.59. The company’s stock had a trading volume of 178,633 shares, compared to its average volume of 126,008. VCI Global has a fifty-two week low of $2.30 and a fifty-two week high of $1,372.00. The business’s 50 day moving average price is $12.85 and its two-hundred day moving average price is $41.43.

Institutional Investors Weigh In On VCI Global

A hedge fund recently bought a new stake 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 disclosure with the SEC. The firm bought 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.11% of VCI Global as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.20% of the company’s stock.

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.