SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Down 41.0% in July

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 191,907 shares, a drop of 41.0% from the June 30th total of 325,395 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 217,380 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

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

SAGTEC GLOBAL Stock Down 10.7%

NASDAQ:SAGT opened at $0.77 on Friday. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $1.00. SAGTEC GLOBAL has a 12 month low of $0.72 and a 12 month high of $3.39.

SAGTEC GLOBAL (NASDAQ:SAGT) last released 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.

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.