SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Stock Short Interest Climbs 92.4%

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 80,576 shares, a growth of 92.4% from the September 15th total of 41,871 shares. Based on an average trading volume of 435,661 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

SAGTEC GLOBAL Stock Up 0.7%

SAGT traded up $0.00 during midday trading on Thursday, reaching $0.43. The company’s stock had a trading volume of 758,571 shares, compared to its average volume of 1,359,980. The firm has a fifty day simple moving average of $0.62. SAGTEC GLOBAL has a twelve month low of $0.38 and a twelve month high of $3.39.

SAGTEC GLOBAL (NASDAQ:SAGT) last announced its quarterly earnings data on Wednesday, September 16th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $5.94 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SAGTEC GLOBAL in a report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In related news, COO Xin Yee Loong bought 62,500 shares of SAGTEC GLOBAL stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $0.77 per share, for a total transaction of $48,125.00. Following the acquisition, the chief operating officer owned 62,500 shares in the company, valued at $48,125. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

About SAGTEC GLOBAL

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.