SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

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

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Activity

In other news, CFO Mohd Adnan Zuria Hajar Binti sold 19,350 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $2.73, for a total transaction of $52,825.50. Following the sale, the chief financial officer directly owned 104,500 shares in the company, valued at approximately $285,285. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SAGTEC GLOBAL Trading Down 1.0%

SAGT stock opened at $0.88 on Friday. SAGTEC GLOBAL has a twelve month low of $0.72 and a twelve month high of $3.39. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $1.04.

SAGTEC GLOBAL (NASDAQ:SAGT) last released its earnings results on Wednesday, April 29th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm 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.