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

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) saw a significant growth in short interest in 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 435,661 shares, the short-interest ratio is presently 0.2 days.

Insiders Place Their Bets

In related news, COO Xin Yee Loong purchased 62,500 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $0.77 per share, with a total value of $48,125.00. Following the completion of the acquisition, the chief operating officer directly owned 62,500 shares in the company, valued at $48,125. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SAGTEC GLOBAL Stock Down 0.9%

Shares of NASDAQ SAGT traded down $0.00 during trading on Wednesday, hitting $0.42. 22,242 shares of the company traded hands, compared to its average volume of 1,360,381. SAGTEC GLOBAL has a 1 year low of $0.38 and a 1 year high of $3.39. The stock has a 50-day moving average of $0.63.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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. According to MarketBeat.com, the stock has a consensus 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.