SAP SE (NYSE:SAP) Short Interest Up 50.2% in January

SAP SE (NYSE:SAP) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 2,764,750 shares, an increase of 50.2% from the December 31st total of 1,841,263 shares. Based on an average trading volume of 1,695,125 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 1,695,125 shares, the days-to-cover ratio is presently 1.6 days.

SAP Stock Performance

Shares of SAP stock traded up $6.20 during trading hours on Monday, hitting $207.24. 6,261,462 shares of the company were exchanged, compared to its average volume of 2,883,092. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $239.43 and a 200-day moving average of $259.63. SAP has a 1 year low of $195.12 and a 1 year high of $313.28. The stock has a market capitalization of $254.59 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 2.24 and a beta of 1.17.

Hedge Funds Weigh In On SAP

A number of large investors have recently modified their holdings of the business. First PREMIER Bank acquired a new stake in shares of SAP in the third quarter valued at about $25,000. Retirement Wealth Solutions LLC lifted its position in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares during the period. Sound Income Strategies LLC boosted its stake in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of SAP in the 3rd quarter worth approximately $27,000. Finally, Copia Wealth Management purchased a new position in SAP in the 3rd quarter valued at approximately $28,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen reiterated a “buy” rating on shares of SAP in a research note on Friday. BMO Capital Markets restated an “outperform” rating on shares of SAP in a research note on Friday. Argus restated a “buy” rating and set a $320.00 price objective on shares of SAP in a research report on Friday, October 24th. JMP Securities reiterated a “market outperform” rating and set a $375.00 price target on shares of SAP in a research note on Thursday, October 23rd. Finally, Citigroup downgraded SAP from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.