Short Interest in SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Decreases By 78.6%

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 206,187 shares, a decline of 78.6% from the April 30th total of 962,223 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 304,838 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of SAGTEC GLOBAL in a report on Thursday, May 21st. They issued a “sell (d)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, SAGTEC GLOBAL has an average rating of “Sell”.

SAGTEC GLOBAL Stock Up 0.9%

Shares of NASDAQ SAGT traded up $0.01 during midday trading on Friday, reaching $1.09. The company’s stock had a trading volume of 563,919 shares, compared to its average volume of 1,309,433. SAGTEC GLOBAL has a fifty-two week low of $0.72 and a fifty-two week 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.

SAGTEC GLOBAL (NASDAQ:SAGT) last released its earnings results on Wednesday, April 29th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $3.95 million for the quarter.

Insiders Place Their Bets

In related news, CFO Mohd Adnan Zuria Hajar Binti sold 19,350 shares of SAGTEC GLOBAL stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $2.73, for a total transaction of $52,825.50. Following the completion of the sale, the chief financial officer directly owned 104,500 shares of the company’s stock, valued at $285,285. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.