SAGTEC GLOBAL Ltd (NASDAQ:SAGT) Shares Shorted: Short Interest Up 256.8% in October

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 257,545 shares, a growth of 256.8% from the October 15th total of 72,184 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 2,226,869 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On SAGTEC GLOBAL

An institutional investor recently bought a new position in SAGTEC GLOBAL stock. StoneX Group Inc. bought a new position in shares of SAGTEC GLOBAL Ltd (NASDAQ:SAGT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 42,702 shares of the company’s stock, valued at approximately $27,000. StoneX Group Inc. owned approximately 0.21% of SAGTEC GLOBAL as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SAGTEC GLOBAL in a report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, SAGTEC GLOBAL currently has a consensus rating of “Sell”.

SAGTEC GLOBAL Trading Up 2.0%

SAGT traded up $0.02 during mid-day trading on Thursday, hitting $1.03. 61,761 shares of the stock were exchanged, compared to its average volume of 1,359,971. The firm’s fifty day moving average price is $0.64. SAGTEC GLOBAL has a 1-year low of $0.38 and a 1-year high of $3.39.

SAGTEC GLOBAL (NASDAQ:SAGT) last released 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.

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.