In a filing, Graphjet Technology revealed its 10% Owner SURIA SUKSES ENGINEERING SDN B unloaded Company’s shares for reported $0.5 million on Dec 20 ’24. In the deal valued at $0.20 per share,2,500,000 shares were sold. As a result of this transaction, SURIA SUKSES ENGINEERING SDN B now holds 22,982,895 shares worth roughly $23.21 million.
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Then, SURIA SUKSES ENGINEERING SDN B sold 869,216 shares, generating $425,916 in total proceeds. Upon selling the shares at $0.49, the 10% Owner now owns 26,400,784 shares.
Before that, SURIA SUKSES ENGINEERING SDN B sold 917,889 shares. Graphjet Technology shares valued at $302,903 were divested by the 10% Owner at a price of $0.33 per share. As a result of the transaction, SURIA SUKSES ENGINEERING SDN B now holds 25,482,895 shares, worth roughly $25.74 million.
Price Performance Review of GTI
On Friday, Graphjet Technology [NASDAQ:GTI] saw its stock jump 198.38% to $1.01. Over the last five days, the stock has gained 233.88%. Graphjet Technology shares have fallen nearly -91.07% since the year began. Nevertheless, the stocks have fallen -91.11% over the past one year. While a 52-week high of $14.00 was reached on 03/15/24, a 52-week low of $0.19 was recorded on 12/20/24. SMA at 50 days reached $2.1099, while 200 days put it at $4.3166.
Levels Of Support And Resistance For GTI Stock
The 24-hour chart illustrates a support level at 0.4966. On the upside, there is a resistance level at 1.3867. A further resistance level may holdings at 1.7634. The Relative Strength Index (RSI) on the 14-day chart is 43.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1715, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.81%. Stochastics %K at 17.16% indicates the stock is a buying.
How much short interest is there in Graphjet Technology?
A steep rise in short interest was recorded in Graphjet Technology stocks on 2024-12-13, dropping by 3022.0 shares to a total of 96054.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 99076.0 shares. There was a decline of -3.15%, which implies that there is a negative sentiment for the stock.
