SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Sees Significant Decrease in Short Interest

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

Insider Activity

In other SAGTEC GLOBAL news, COO Xin Yee Loong purchased 62,500 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was 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 owned 62,500 shares of the company’s stock, valued at approximately $48,125. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

SAGTEC GLOBAL Stock Performance

SAGT stock traded up $0.01 during mid-day trading on Monday, reaching $0.62. The company had a trading volume of 94,192 shares, compared to its average volume of 1,441,507. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.87 and a current ratio of 3.12. SAGTEC GLOBAL has a one year low of $0.52 and a one year high of $3.39. The business has a 50-day moving average price of $0.69.

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

Analyst Upgrades and Downgrades

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

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.