Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 15,100 shares, anincreaseof978.6% from the June 30th total of 1,400 shares. Based on an average trading volume of 287,200 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 287,200 shares, the short-interest ratio is currently 0.1 days.

Sage Group Stock Down 0.1%

Shares of OTCMKTS SGPYY opened at $64.26 on Monday. The stock’s fifty day moving average price is $67.29 and its two-hundred day moving average price is $65.27. Sage Group has a one year low of $49.22 and a one year high of $69.79.

Sage Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 2nd were issued a $0.3366 dividend. This represents a yield of 140.0%. The ex-dividend date of this dividend was Friday, May 30th.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a research note on Wednesday, June 25th. Oddo Bhf assumed coverage on Sage Group in a report on Thursday, July 10th. They issued an “outperform” rating on the stock.

Sage Group Company Profile

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.