Short Interest in SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Drops By 41.0%

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the recipient of a large 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. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 217,380 shares, the short-interest ratio is currently 0.9 days.

SAGTEC GLOBAL Stock Up 9.2%

SAGTEC GLOBAL stock traded up $0.07 during trading hours on Thursday, hitting $0.82. The company had a trading volume of 393,975 shares, compared to its average volume of 1,602,491. The company’s fifty day moving average is $1.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.87 and a current ratio of 2.87. SAGTEC GLOBAL has a fifty-two week low of $0.72 and a fifty-two week high of $3.39.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of SAGTEC GLOBAL in a report on Thursday, May 21st. They issued a “sell (d)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average 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.