SAP SE (SAP) Short Interest Update
SAP SE (NYSE:SAP) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 3,708,554 shares, an increase of 72.4% from the October 31st total of 2,151,494 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 943,913 shares, the days-to-cover ratio is currently 3.9 days.
SAP has been the subject of a number of recent research reports. DZ Bank restated a “buy” rating on shares of SAP in a research note on Friday, November 23rd. UBS Group upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of SAP in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. SAP has an average rating of “Buy” and a consensus target price of $112.89.
SAP opened at $101.51 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.13 and a current ratio of 1.13. SAP has a twelve month low of $98.83 and a twelve month high of $127.16. The stock has a market capitalization of $126.43 billion, a PE ratio of 23.55, a PEG ratio of 3.27 and a beta of 1.27.
Institutional investors and hedge funds have recently bought and sold shares of the company. CSat Investment Advisory L.P. bought a new stake in shares of SAP in the 2nd quarter worth about $5,382,000. Trillium Asset Management LLC grew its holdings in SAP by 1.7% during the 3rd quarter. Trillium Asset Management LLC now owns 42,971 shares of the software maker’s stock worth $5,285,000 after acquiring an additional 730 shares during the last quarter. Sawtooth Solutions LLC grew its holdings in SAP by 17.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,488 shares of the software maker’s stock worth $519,000 after acquiring an additional 661 shares during the last quarter. Timber Hill LLC bought a new stake in SAP during the 2nd quarter worth about $821,000. Finally, Hilltop Holdings Inc. bought a new stake in SAP during the 2nd quarter worth about $245,000. 4.42% of the stock is currently owned by institutional investors and hedge funds.
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SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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