Short Interest in Concorde International Group Ltd. (NASDAQ:CIGL) Expands By 165.2%

Key Points

• Short interest in Concorde International Group Ltd. increased by 165.2% in September, reaching a total of 128,600 shares.
• Currently, 10.6% of the company's shares are sold short, indicating significant bearish sentiment among investors.
• Weiss Ratings recently reiterated a "sell (e)" rating for the stock, which reflects overall negative analyst sentiment.

Concorde International Group Ltd. (NASDAQ:CIGL - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 128,600 shares, an increase of 165.2% from the September 15th total of 48,500 shares. Currently, 10.6% of the shares of the company are sold short. Based on an average trading volume of 3,600,000 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 3,600,000 shares, the short-interest ratio is currently 0.0 days. Currently, 10.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (e)" rating on shares of Concorde International Group in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Concorde International Group Trading Up 0.8%

Concorde International Group stock opened at $2.55 on Friday. Concorde International Group has a 12 month low of $1.40 and a 12 month high of $31.06. The firm has a 50 day moving average price of $2.67.

About Concorde International Group

Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”).

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