SAP SE (NYSE:SAP) Short Interest Update

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

SAP Stock Performance

Shares of SAP stock traded up $6.13 on Monday, hitting $207.17. 5,201,722 shares of the company’s stock were exchanged, compared to its average volume of 2,822,434. SAP has a 1 year low of $195.12 and a 1 year high of $313.28. The company has a 50-day simple moving average of $239.43 and a 200-day simple moving average of $259.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The stock has a market capitalization of $254.51 billion, a PE ratio of 29.37, a PEG ratio of 2.24 and a beta of 1.17.

Institutional Trading of SAP

A number of hedge funds and other institutional investors have recently bought and sold shares of SAP. CENTRAL TRUST Co raised its stake in shares of SAP by 10.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,148 shares of the software maker’s stock worth $279,000 after buying an additional 104 shares during the period. Balentine LLC increased its stake in shares of SAP by 241.4% in the fourth quarter. Balentine LLC now owns 2,950 shares of the software maker’s stock worth $717,000 after purchasing an additional 2,086 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of SAP by 56.3% during the 4th quarter. Benjamin Edwards Inc. now owns 13,537 shares of the software maker’s stock valued at $3,288,000 after buying an additional 4,874 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in SAP by 1,050.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 276 shares of the software maker’s stock worth $65,000 after buying an additional 252 shares during the period. Finally, Davis Selected Advisers increased its stake in SAP by 20.4% in the 4th quarter. Davis Selected Advisers now owns 56,347 shares of the software maker’s stock worth $13,688,000 after buying an additional 9,560 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SAP in a report on Friday. TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Friday. Wall Street Zen raised shares of SAP from a “hold” rating to a “buy” rating in a report on Saturday. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Company Profile

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.