SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 191,907 shares, a decline of 41.0% from the June 30th total of 325,395 shares. Based on an average daily trading volume, of 217,380 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on SAGTEC GLOBAL in a research report on Thursday, May 21st. They issued a “sell (d)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

SAGTEC GLOBAL Trading Up 14.9%

NASDAQ SAGT opened at $0.86 on Friday. SAGTEC GLOBAL has a 52 week low of $0.72 and a 52 week high of $3.39. The business’s 50 day moving average price is $1.00. 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 (NASDAQ:SAGT) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $3.95 million for the quarter.

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.