The Sage Group plc (OTCMKTS:SGPYY) Sees Large Decline in Short Interest

The Sage Group plc (OTCMKTS:SGPYY) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 300 shares, a decline of 50.0% from the August 31st total of 600 shares. Based on an average daily trading volume, of 44,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of The Sage Group to a “strong sell” rating in a report on Wednesday, July 31st.

The Sage Group Price Performance

Shares of SGPYY traded down $0.67 during trading hours on Thursday, reaching $54.49. 12,557 shares of the company traded hands, compared to its average volume of 29,777. The Sage Group has a 12-month low of $45.71 and a 12-month high of $66.14. The business has a fifty day moving average price of $53.71 and a 200-day moving average price of $56.64.

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.