Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Rises By 717.9%

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,324 shares, an increase of 717.9% from the July 15th total of 1,140 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 66,945 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

SGPYY has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. Citigroup reiterated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sage Group has a consensus rating of “Moderate Buy”.

Sage Group Stock Down 0.6%

OTCMKTS SGPYY traded down $0.34 during trading on Thursday, hitting $54.76. The stock had a trading volume of 5,403 shares, compared to its average volume of 68,517. Sage Group has a one year low of $41.80 and a one year high of $63.09. The stock has a 50 day simple moving average of $46.97 and a 200 day simple moving average of $46.88.

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.