SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemSAGTEC GLOBAL Ltd (NASDAQ:SAGT – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 206,187 shares, a drop of 78.6% from the April 30th total of 962,223 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 304,838 shares, the short-interest ratio is currently 0.7 days.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on SAGTEC GLOBAL in a research note on Thursday, May 21st. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SAGTEC GLOBAL has a consensus rating of “Sell”.
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SAGTEC GLOBAL Stock Performance
Shares of SAGT traded up $0.04 during trading hours on Friday, hitting $1.12. The stock had a trading volume of 606,936 shares, compared to its average volume of 598,131. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.04. SAGTEC GLOBAL has a 12 month low of $0.72 and a 12 month high of $3.39.
SAGTEC GLOBAL (NASDAQ:SAGT – Get Free Report) last issued its quarterly earnings data 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.
Insider Activity
In other news, CFO Mohd Adnan Zuria Hajar Binti sold 19,350 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.