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

VCI Global Limited (NASDAQ:VCIG) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 31,500 shares, a decrease of 94.1% from the March 15th total of 536,200 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 141,000 shares, the short-interest ratio is currently 0.2 days.

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 shares of VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned about 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 Trading Up 7.0 %

Shares of NASDAQ:VCIG opened at $2.59 on Tuesday. VCI Global has a 12 month low of $2.30 and a 12 month high of $1,372.00. The company’s fifty day moving average price is $12.49 and its 200 day moving average price is $40.37.

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.