SATA Technology Co., Ltd. (NASDAQ:SATA) Stock Short Interest Report for October

SATA Technology Co., Ltd. (NASDAQ:SATA) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 712,945 shares, a growth of 333.5% from the September 30th total of 164,470 shares. Based on an average daily trading volume, of 662,768 shares, the short-interest ratio is presently 1.1 days.

Insider Buying and Selling

In other news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the transaction, the chief marketing officer owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 42,620 shares of company stock valued at $1,325,038 in the last 90 days.

SATA Technology Trading Up 0.1%

NASDAQ:SATA opened at $98.61 on Wednesday. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The company has a 50 day moving average of $99.49.

SATA Technology Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 5th. Stockholders of record on Wednesday, November 4th will be paid a dividend of $0.0571 per share. The ex-dividend date of this dividend is Wednesday, November 4th.

SATA Technology Company Profile

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.