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

VCI Global Limited (NASDAQ:VCIG) was the target of a large growth in short interest during 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. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 3,560,000 shares, the short-interest ratio is currently 0.2 days.

VCI Global Stock Performance

NASDAQ:VCIG opened at $0.73 on Wednesday. VCI Global has a 12-month low of $0.54 and a 12-month high of $68.60. The stock’s fifty day simple moving average is $1.02 and its 200-day simple moving average is $2.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VCI Global stock. Millennium Management LLC bought a new position in shares of VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.

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.