SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 41,871 shares, a decline of 61.6% from the August 31st total of 109,103 shares. Based on an average daily volume of 127,134 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

SAGTEC GLOBAL Stock Performance

Shares of NASDAQ:SAGT traded down $0.01 during trading on Tuesday, reaching $0.61. The stock had a trading volume of 75,744 shares, compared to its average volume of 1,434,270. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.12 and a quick ratio of 2.87. The stock has a fifty day moving average of $0.68. SAGTEC GLOBAL has a 1-year low of $0.52 and a 1-year high of $3.39.

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

Insider Buying and Selling

In other SAGTEC GLOBAL news, COO Xin Yee Loong acquired 62,500 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $0.77 per share, with a total value of $48,125.00. Following the acquisition, the chief operating officer directly owned 62,500 shares of the company’s stock, valued at approximately $48,125. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

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

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.