SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Sees Large Increase in Short Interest

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 80,576 shares, an increase of 92.4% from the September 15th total of 41,871 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 435,661 shares, the short-interest ratio is currently 0.2 days.

SAGTEC GLOBAL Stock Down 2.3%

SAGT stock traded down $0.01 during trading on Friday, reaching $0.42. The company had a trading volume of 783,665 shares, compared to its average volume of 1,357,113. SAGTEC GLOBAL has a twelve month low of $0.38 and a twelve month high of $3.39. The business has a 50-day simple moving average of $0.61.

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

Analyst Ratings Changes

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

Insider Activity at SAGTEC GLOBAL

In related news, COO Xin Yee Loong purchased 62,500 shares of SAGTEC GLOBAL stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $0.77 per share, with a total value of $48,125.00. Following the purchase, the chief operating officer directly owned 62,500 shares of the company’s stock, valued at approximately $48,125. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.