Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,619 shares, a decrease of 78.2% from the August 31st total of 7,424 shares. Based on an average daily volume of 26,722 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

SGPYY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Sage Group has a consensus rating of “Moderate Buy”.

Sage Group Stock Up 1.2%

SGPYY traded up $0.66 on Friday, hitting $53.11. The company had a trading volume of 7,891 shares, compared to its average volume of 11,641. Sage Group has a 1 year low of $41.80 and a 1 year high of $63.09. The company’s fifty day moving average price is $54.46 and its 200 day moving average price is $48.99.

Sage Group Company Profile

The Sage Group plc is a United Kingdom-based technology company that provides business management software and services for small and mid-sized businesses. Its products are designed to help organizations manage core administrative and financial functions, including accounting, payroll, human resources, payments and enterprise financial management.

Sage offers cloud-based and connected software solutions, including Sage Business Cloud products and Sage Intacct, along with related services such as payroll processing, compliance support and financial reporting.