SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Short Interest Update

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

SAGTEC GLOBAL Price Performance

Shares of SAGT traded up $0.07 during mid-day trading on Thursday, hitting $0.82. The stock had a trading volume of 393,975 shares, compared to its average volume of 1,602,491. The company’s fifty day moving average price is $1.00. 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 has a fifty-two week low of $0.72 and a fifty-two week high of $3.39.

SAGTEC GLOBAL (NASDAQ:SAGT) last issued 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.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of SAGTEC GLOBAL in a research report 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, the stock currently 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.