Sage Group PLC (OTCMKTS:SGPYY) Sees Large Decrease in Short Interest

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,140 shares, a decline of 69.3% from the June 30th total of 3,715 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 97,709 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sage Group has an average rating of “Buy”.

Sage Group Stock Performance

SGPYY stock opened at $45.79 on Friday. The business has a 50-day moving average price of $45.41 and a 200 day moving average price of $47.24. Sage Group has a 1-year low of $41.80 and a 1-year high of $68.52.

About Sage Group

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.