SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 325,395 shares, an increase of 88.0% from the June 15th total of 173,041 shares. Based on an average daily trading volume, of 8,954,081 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.7% of the company’s shares are short sold.

SAGTEC GLOBAL Trading Down 0.7%

Shares of SAGT stock traded down $0.01 on Thursday, reaching $0.89. 45,033 shares of the company’s stock traded hands, compared to its average volume of 1,712,382. SAGTEC GLOBAL has a 12-month low of $0.72 and a 12-month high of $3.39. The company has a current ratio of 2.87, a quick 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 (EPS) for the quarter. The company had revenue of $3.95 million during the quarter.

Insider Activity at SAGTEC GLOBAL

In other news, CFO Mohd Adnan Zuria Hajar Binti sold 19,350 shares of SAGTEC GLOBAL stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $2.73, for a total value of $52,825.50. Following the transaction, the chief financial officer directly owned 104,500 shares of the company’s stock, valued at $285,285. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

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