Graphjet Technology’s recent filing unveils that its 10% Owner SURIA SUKSES ENGINEERING SDN B unloaded Company’s shares for reported $1.15 million on Jan 14 ’25. In the deal valued at $0.46 per share,2,490,517 shares were sold. As a result of this transaction, SURIA SUKSES ENGINEERING SDN B now holds 0 shares worth roughly $0.0.
Then, SURIA SUKSES ENGINEERING SDN B sold 2,000,000 shares, generating $840,000 in total proceeds. Upon selling the shares at $0.42, the 10% Owner now owns 2,490,517 shares.
Before that, SURIA SUKSES ENGINEERING SDN B sold 2,500,000 shares. Graphjet Technology shares valued at $1,150,000 were divested by the 10% Owner at a price of $0.46 per share. As a result of the transaction, SURIA SUKSES ENGINEERING SDN B now holds 4,490,517 shares, worth roughly $1.57 million.
Price Performance Review of GTI
On Friday, Graphjet Technology [NASDAQ:GTI] saw its stock jump 6.03% to $0.35. Over the last five days, the stock has lost -20.30%. Graphjet Technology shares have fallen nearly -61.12% since the year began. Nevertheless, the stocks have fallen -96.96% 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 01/22/25. SMA at 50 days reached $1.5310, while 200 days put it at $3.6098.
Levels Of Support And Resistance For GTI Stock
The 24-hour chart illustrates a support level at 0.3240, which if violated will result in even more drops to 0.2982. On the upside, there is a resistance level at 0.3717. A further resistance level may holdings at 0.3936. The Relative Strength Index (RSI) on the 14-day chart is 37.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1392, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.26%. Stochastics %K at 8.97% 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.
