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

Sage Group PLC (OTCMKTS:SGPYY) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 75,541 shares, an increase of 200.4% from the March 31st total of 25,146 shares. Based on an average daily volume of 388,940 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SGPYY shares. UBS Group raised Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. Zacks Research lowered shares of Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Canaccord Genuity Group raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Sage Group Price Performance

OTCMKTS SGPYY opened at $49.53 on Friday. Sage Group has a 1 year low of $41.99 and a 1 year high of $69.79. The company has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $52.98. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17.

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.