Sage Group PLC (OTCMKTS:SGPYY) Sees Significant Increase in Short Interest

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,324 shares, an increase of 717.9% from the July 15th total of 1,140 shares. Based on an average daily volume of 66,945 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Sage Group Trading Down 0.4%

SGPYY stock traded down $0.21 during mid-day trading on Tuesday, hitting $56.15. 10,913 shares of the stock were exchanged, compared to its average volume of 69,282. The business has a fifty day moving average price of $46.63 and a 200 day moving average price of $46.87. Sage Group has a 12 month low of $41.80 and a 12 month high of $63.09.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SGPYY. Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. Citigroup reiterated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on Sage Group

Sage Group Company Profile

(Get Free Report)

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.

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