Short Interest in The Sage Group plc (OTCMKTS:SGGEF) Decreases By 40.1%

The Sage Group plc (OTCMKTS:SGGEF) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 307,800 shares, a decrease of 40.1% from the August 15th total of 514,100 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 27.0 days. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 27.0 days.

The Sage Group Price Performance

OTCMKTS SGGEF traded down $0.94 on Monday, hitting $14.44. 379,808 shares of the stock traded hands, compared to its average volume of 10,750. The business’s fifty day moving average is $16.00 and its two-hundred day moving average is $16.24. The Sage Group has a 12 month low of $12.45 and a 12 month high of $17.69.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.