Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Drops By 48.3%

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,983 shares, a decrease of 48.3% from the December 31st total of 3,836 shares. Based on an average trading volume of 102,260 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 102,260 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research firms have commented on SGPYY. Zacks Research downgraded Sage Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. Finally, Canaccord Genuity Group raised shares of Sage Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Sage Group Stock Performance

Shares of SGPYY stock opened at $52.93 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. Sage Group has a fifty-two week low of $52.03 and a fifty-two week high of $69.79. The business has a fifty day simple moving average of $57.17 and a 200-day simple moving average of $59.60.

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.