SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 325,395 shares, a growth of 88.0% from the June 15th total of 173,041 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 8,954,081 shares, the short-interest ratio is currently 0.0 days.

Insider Activity at SAGTEC GLOBAL

In related news, CFO Mohd Adnan Zuria Hajar Binti sold 19,350 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $2.73, for a total transaction of $52,825.50. Following the sale, the chief financial officer owned 104,500 shares of the company’s stock, valued at $285,285. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on SAGTEC GLOBAL in a research report on Thursday, May 21st. They set a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

SAGTEC GLOBAL Stock Down 0.7%

SAGT stock traded down $0.01 on Thursday, hitting $0.89. 45,033 shares of the company’s stock traded hands, compared to its average volume of 1,712,382. SAGTEC GLOBAL has a 1-year low of $0.72 and a 1-year high of $3.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.87 and a quick ratio of 2.87.

SAGTEC GLOBAL (NASDAQ:SAGT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $3.95 million for the quarter.

SAGTEC GLOBAL Company Profile

Our business was originally incorporated in Malaysia in 2018, and is principally involved in the provision of customizable software solutions encompassing several types of software such as a smart ordering system, Speed +, which is a smart solutions application software for the food and beverage industry. The Speed+ software is installed onto our existing Point of Sale (POS) machines, which are sourced from third-party suppliers. These POS machines, equipped with Speed+, are then leased to clients, providing a seamless and integrated solution for efficient order management and transaction processing.