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

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 80,576 shares, a growth of 92.4% from the September 15th total of 41,871 shares. Based on an average daily volume of 435,661 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

Insider Activity

In other SAGTEC GLOBAL news, COO Xin Yee Loong bought 62,500 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $0.77 per share, with a total value of $48,125.00. Following the transaction, the chief operating officer owned 62,500 shares in the company, valued at $48,125. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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. According to data from MarketBeat, the stock has an average rating of “Sell”.

SAGTEC GLOBAL Trading Down 0.9%

Shares of SAGT stock traded down $0.00 during mid-day trading on Wednesday, reaching $0.42. The company’s stock had a trading volume of 22,242 shares, compared to its average volume of 1,360,381. The firm’s 50 day moving average is $0.63. SAGTEC GLOBAL has a 12-month low of $0.38 and a 12-month high of $3.39.

SAGTEC GLOBAL (NASDAQ:SAGT) last posted its 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 for the quarter.

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.