The Sage Group plc (OTCMKTS:SGGEF) Sees Large Drop in Short Interest

The Sage Group plc (OTCMKTS:SGGEF) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 397,600 shares, a decrease of 12.9% from the August 31st total of 456,300 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 284.0 days.

The Sage Group Stock Performance

OTCMKTS SGGEF opened at $13.75 on Friday. The Sage Group has a 1 year low of $11.25 and a 1 year high of $16.50. The stock’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $13.98.

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.