Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,942 shares, a growth of 130.6% from the January 29th total of 842 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 176,759 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 176,759 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research firms have weighed in on SGPYY. Zacks Research raised Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Canaccord Genuity Group raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Sage Group Stock Performance

Shares of SGPYY opened at $45.04 on Friday. The business’s 50 day moving average is $52.34 and its 200 day moving average is $56.71. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64. Sage Group has a 12-month low of $41.99 and a 12-month high of $69.79.

Sage Group Company Profile

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.