SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) saw a significant growth in short interest in the month of 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. Based on an average trading volume of 8,954,081 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.7% of the shares of the company are sold short.

Insider Activity

In other news, CFO Mohd Adnan Zuria Hajar Binti sold 19,350 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $2.73, for a total value of $52,825.50. Following the sale, the chief financial officer owned 104,500 shares in the company, valued at approximately $285,285. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

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

SAGTEC GLOBAL Stock Down 1.1%

Shares of NASDAQ SAGT traded down $0.01 during trading hours on Friday, reaching $0.88. The stock had a trading volume of 35,340 shares, compared to its average volume of 1,699,872. SAGTEC GLOBAL has a twelve month low of $0.72 and a twelve month high of $3.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.87 and a current 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 for the quarter. The business had revenue of $3.95 million for the quarter.

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.