SATA Technology Co., Ltd. (NASDAQ:SATA) Sees Significant Increase in Short Interest

SATA Technology Co., Ltd. (NASDAQ:SATA) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 712,945 shares, a growth of 333.5% from the September 30th total of 164,470 shares. Based on an average daily volume of 662,768 shares, the short-interest ratio is currently 1.1 days.

Insiders Place Their Bets

In related news, Director Pierre Rochard acquired 15,900 shares of the stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the purchase, the director owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan R. Macey sold 6,700 shares of SATA Technology stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.32, for a total transaction of $203,144.00. Following the sale, the director owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 in the last ninety days.

SATA Technology Price Performance

SATA Technology stock opened at $98.61 on Wednesday. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35. The stock’s 50-day simple moving average is $99.49.

SATA Technology Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, November 5th. Stockholders of record on Wednesday, November 4th will be issued a dividend of $0.0571 per share. The ex-dividend date of this dividend is Wednesday, November 4th.

About SATA Technology

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.