Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,715 shares, a decline of 43.5% from the June 15th total of 6,576 shares. Based on an average daily trading volume, of 189,465 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research report 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Sage Group Stock Performance

Shares of SGPYY stock opened at $45.83 on Thursday. The company’s fifty day moving average price is $45.78 and its 200-day moving average price is $47.78. Sage Group has a 12 month low of $41.80 and a 12 month high of $68.52.

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.