Short Interest in VCI Global Limited (NASDAQ:VCIG) Grows By 593.3%

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 984,500 shares, a growth of 593.3% from the December 15th total of 142,000 shares. Based on an average daily trading volume, of 6,650,000 shares, the short-interest ratio is currently 0.1 days. Approximately 13.0% of the company’s stock are short sold.

VCI Global Price Performance

VCIG traded up $0.22 during midday trading on Monday, hitting $1.96. 1,370,565 shares of the company’s stock traded hands, compared to its average volume of 955,123. The company has a market cap of $26.11 million, a PE ratio of 5.76 and a beta of 1.91. VCI Global has a one year low of $1.38 and a one year high of $103.39. The stock’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $8.41.

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.