The Sage Group plc (OTCMKTS:SGGEF – Get Free Report) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 441,707 shares, a decline of 35.1% from the July 30th total of 680,760 shares. Based on an average daily volume of 4,848 shares, the short-interest ratio is currently 91.1 days.
The Sage Group Stock Performance
Shares of SGGEF opened at $14.24 on Tuesday. The Sage Group has a 52 week low of $10.54 and a 52 week high of $16.40. The stock has a 50 day moving average of $12.47 and a 200-day moving average of $11.78.
About The Sage Group
The Sage Group (OTCMKTS: SGGEF) is a UK‐based multinational provider of business management software and related services. Founded in 1981 and headquartered in Newcastle upon Tyne, England, Sage develops solutions designed to help small and medium‐sized enterprises (SMEs) automate accounting, payroll, human capital management, payments and enterprise resource planning (ERP) functions. The company’s offerings span on‐premise installations as well as cloud‐based subscription services, reflecting a broad commitment to digital transformation for its customers.
Sage’s core portfolio includes cloud platforms such as Sage Intacct, Sage Business Cloud Accounting, Sage Business Cloud Payroll and HR, as well as industry‐specific ERP systems including Sage 50cloud, Sage 200cloud and Sage X3.
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