Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,715 shares, a drop of 43.5% from the June 15th total of 6,576 shares. Based on an average trading volume of 189,465 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Sage Group Stock Down 0.6%

Shares of OTCMKTS:SGPYY opened at $45.55 on Friday. The company has a 50 day moving average of $45.66 and a 200 day moving average of $47.68. Sage Group has a 12 month low of $41.80 and a 12 month high of $68.52.

Sage Group Company Profile

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.