Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 198 shares, a decrease of 89.8% from the February 12th total of 1,942 shares. Based on an average trading volume of 145,803 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 145,803 shares, the days-to-cover ratio is currently 0.0 days.

Sage Group Stock Down 0.7%

SGPYY opened at $44.48 on Thursday. The firm’s fifty day simple moving average is $49.95 and its two-hundred day simple moving average is $55.77. Sage Group has a 52-week low of $41.99 and a 52-week high of $69.79. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17.

Analysts Set New Price Targets

A number of research firms recently weighed in on SGPYY. Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Canaccord Genuity Group raised Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, UBS Group upgraded Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sage Group has an average rating of “Buy”.

Check Out Our Latest Research Report on Sage Group

About Sage Group

(Get Free Report)

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.

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