Short Interest in VCI Global Limited (NASDAQ:VCIG) Decreases By 15.9%

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 536,200 shares, a decrease of 15.9% from the February 28th total of 637,200 shares. Based on an average daily trading volume, of 2,420,000 shares, the short-interest ratio is presently 0.2 days. Approximately 1.2% of the company’s stock are short sold.

Institutional Investors Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC purchased a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 reporting period. Hedge funds and other institutional investors own 0.20% of the company’s stock.

VCI Global Stock Down 12.6 %

Shares of NASDAQ:VCIG opened at $0.42 on Tuesday. VCI Global has a fifty-two week low of $0.41 and a fifty-two week high of $68.60. The firm’s 50 day moving average price is $0.84 and its 200 day moving average price is $2.55.

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.