Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Drops By 65.5%

Sage Group PLC (OTCMKTS:SGPYY) 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. Based on an average trading volume of 94,214 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 94,214 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

SGPYY has been the topic of several research reports. Canaccord Genuity Group raised Sage Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Zacks Research downgraded Sage Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sage Group Stock Up 0.6%

Shares of SGPYY traded up $0.33 during trading hours on Friday, hitting $58.50. 15,735 shares of the company were exchanged, compared to its average volume of 39,699. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s 50 day moving average is $58.76 and its 200-day moving average is $61.44. Sage Group has a 52 week low of $55.15 and a 52 week high of $69.79.

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.