Short Interest in SATA Technology Co., Ltd. (NASDAQ:SATA) Drops By 59.0%

SATA Technology Co., Ltd. (NASDAQ:SATA) saw a significant drop in short interest in 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 trading volume, of 356,426 shares, the short-interest ratio is presently 0.7 days.

SATA Technology Trading Down 0.0%

Shares of SATA stock traded down $0.03 during trading hours on Tuesday, hitting $99.98. The company’s stock had a trading volume of 634,172 shares, compared to its average volume of 287,228. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35.

SATA Technology Dividend Announcement

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

Insider Activity at SATA Technology

In other SATA Technology news, Director Pierre Rochard acquired 15,900 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the transaction, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.