SATA Technology Co., Ltd. (NASDAQ:SATA) Short Interest Update

SATA Technology Co., Ltd. (NASDAQ:SATA) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 260,572 shares, a drop of 59.0% from the August 15th total of 635,545 shares. Based on an average daily volume of 356,426 shares, the short-interest ratio is presently 0.7 days.

Insider Activity

In related news, Director Pierre Rochard purchased 15,900 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $12.54 per share, with a total value of $199,386.00. Following the acquisition, the director owned 15,900 shares of the company’s stock, valued at $199,386. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

SATA Technology Stock Performance

Shares of SATA traded up $0.26 during mid-day trading on Monday, hitting $100.01. The stock had a trading volume of 561,411 shares, compared to its average volume of 285,349. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

SATA Technology Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be paid a $0.0516 dividend. The ex-dividend date is Tuesday, September 22nd.