Short Interest in Concorde International Group Ltd. (NASDAQ:CIGL) Grows By 521.8%

Key Points

• Short interest in Concorde International Group Ltd. increased by 521.8% in September, reaching a total of 48,500 shares compared to 7,800 shares at the end of August, constituting approximately 3.4% of the company's shares.
• The company's stock price decreased by 1.8%, opening at $2.80, with a twelve-month price range between $1.40 and $31.06.
• Concorde International Group provides integrated security services that combine physical manpower and technology to deliver security solutions.

Concorde International Group Ltd. (NASDAQ:CIGL - ) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 48,500 shares, an increase of 521.8% from the August 31st total of 7,800 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average trading volume of 2,720,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 2,720,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.4% of the shares of the stock are sold short.

Concorde International Group Stock Down 1.8%

NASDAQ CIGL opened at $2.80 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.17 and a quick ratio of 1.17. Concorde International Group has a twelve month low of $1.40 and a twelve month high of $31.06. The stock has a 50-day simple moving average of $2.53.

Concorde International Group Company Profile

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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