The Sage Group plc (OTCMKTS:SGGEF) Short Interest Update

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 574,220 shares, a growth of 33.4% from the January 15th total of 430,476 shares. Based on an average trading volume of 1,846 shares, the short-interest ratio is currently 311.1 days. Based on an average trading volume of 1,846 shares, the short-interest ratio is currently 311.1 days.

The Sage Group Price Performance

SGGEF remained flat at $11.05 during midday trading on Monday. The company’s stock had a trading volume of 2 shares, compared to its average volume of 3,545. The Sage Group has a 1-year low of $11.05 and a 1-year high of $17.69. The company’s 50-day moving average is $13.82 and its two-hundred day moving average is $14.64.

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.