Short Interest in The Sage Group plc (OTCMKTS:SGGEF) Drops By 18.4%

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 183,611 shares, a decrease of 18.4% from the November 30th total of 224,880 shares. Based on an average daily volume of 18,413 shares, the short-interest ratio is presently 10.0 days. Based on an average daily volume of 18,413 shares, the short-interest ratio is presently 10.0 days.

The Sage Group Stock Down 4.9%

Shares of OTCMKTS:SGGEF opened at $14.00 on Wednesday. The business’s 50-day moving average is $14.64 and its 200 day moving average is $15.47. The Sage Group has a 1 year low of $13.30 and a 1 year high of $17.69.

The Sage Group Company Profile

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.