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

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

Sage Group Price Performance

Shares of SGPYY opened at $45.79 on Friday. The firm has a fifty day moving average price of $45.41 and a 200-day moving average price of $47.24. Sage Group has a 12-month low of $41.80 and a 12-month high of $68.52.

Analyst Ratings Changes

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 issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

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.