Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,424 shares, a drop of 68.1% from the August 15th total of 23,248 shares. Based on an average trading volume of 20,771 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities analysts have commented on SGPYY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Sage Group currently has an average rating of “Moderate Buy”.

Sage Group Stock Performance

Sage Group stock opened at $51.88 on Friday. Sage Group has a one year low of $41.80 and a one year high of $63.09. The company has a 50-day simple moving average of $52.71 and a 200-day simple moving average of $48.32.

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.