Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

by · The Markets Daily

Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,642 shares, a drop of 65.5% from the November 30th total of 10,563 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 94,214 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 94,214 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Sage Group Trading Up 0.6%

Shares of OTCMKTS:SGPYY traded up $0.33 on Friday, hitting $58.50. The company’s stock had a trading volume of 15,735 shares, compared to its average volume of 38,595. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17. Sage Group has a 12 month low of $55.15 and a 12 month high of $69.79. The stock’s 50-day moving average is $58.76 and its two-hundred day moving average is $61.44.

Analyst Ratings Changes

SGPYY has been the topic of several recent analyst reports. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Canaccord Genuity Group upgraded Sage Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Sage Group presently has a consensus rating of “Moderate Buy”.

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About Sage Group

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Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.

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