Graphjet Technology’s filing revealed that its 10% Owner SURIA SUKSES ENGINEERING SDN B unloaded Company’s shares for reported $1.15 million on Jan 10 ’25. In the deal valued at $0.46 per share,2,500,000 shares were sold. As a result of this transaction, SURIA SUKSES ENGINEERING SDN B now holds 4,490,517 shares worth roughly $1.93 million.
Then, SURIA SUKSES ENGINEERING SDN B sold 1,645,916 shares, generating $773,581 in total proceeds. Upon selling the shares at $0.47, the 10% Owner now owns 6,990,517 shares.
Before that, Hoo Swee Guan sold 521,788 shares. Graphjet Technology shares valued at $240,022 were divested by the Director at a price of $0.46 per share. As a result of the transaction, Hoo Swee Guan now holds 0 shares, worth roughly $0.0.
Price Performance Review of GTI
On Monday, Graphjet Technology [NASDAQ:GTI] saw its stock fall -2.35% to $0.43. Over the last five days, the stock has lost -51.99%. Graphjet Technology shares have fallen nearly -52.52% since the year began. Nevertheless, the stocks have fallen -96.24% over the past one year. While a 52-week high of $14.00 was reached on 01/02/25, a 52-week low of $0.19 was recorded on 01/13/25. SMA at 50 days reached $1.8383, while 200 days put it at $3.8881.
Levels Of Support And Resistance For GTI Stock
The 24-hour chart illustrates a support level at 0.3737, which if violated will result in even more drops to 0.3200. On the upside, there is a resistance level at 0.4977. A further resistance level may holdings at 0.5680. The Relative Strength Index (RSI) on the 14-day chart is 37.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2054, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.90%. Stochastics %K at 15.82% 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 2024-12-31, growing by 3.75 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 88488.0 shares. There was a rise of 97.7%, which implies that there is a positive sentiment for the stock.
