The Sage Group plc (OTCMKTS:SGGEF) Sees Significant Decline in Short Interest

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 81,400 shares, a decrease of 24.1% from the March 31st total of 107,300 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 37.0 days.

The Sage Group Price Performance

SGGEF opened at $13.59 on Tuesday. The Sage Group has a 52-week low of $9.63 and a 52-week high of $16.50. The business’s fifty day moving average is $15.23 and its 200-day moving average is $14.21.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.