Sage Group PLC (OTCMKTS:SGPYY) Short Interest Down 77.1% in May

Sage Group PLC (OTCMKTS:SGPYY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,155 shares, a drop of 77.1% from the May 14th total of 31,261 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 55,674 shares, the days-to-cover ratio is presently 0.1 days.

Sage Group Trading Down 0.5%

OTCMKTS SGPYY opened at $46.26 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day simple moving average is $47.60 and its two-hundred day simple moving average is $50.25. Sage Group has a one year low of $41.99 and a one year high of $69.79.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Sage Group Company Profile

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.