The Sage Group plc (OTCMKTS:SGGEF) Sees Significant Increase in Short Interest

The Sage Group plc (OTCMKTS:SGGEF) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 430,476 shares, an increase of 147.6% from the December 31st total of 173,841 shares. Based on an average daily volume of 4,132 shares, the days-to-cover ratio is presently 104.2 days. Based on an average daily volume of 4,132 shares, the days-to-cover ratio is presently 104.2 days.

The Sage Group Stock Performance

OTCMKTS:SGGEF opened at $14.35 on Thursday. The stock’s 50 day moving average price is $14.18 and its two-hundred day moving average price is $15.02. The Sage Group has a 12-month low of $13.30 and a 12-month high of $17.69.

The Sage Group Company Profile

The Sage Group (OTCMKTS: SGGEF) is a UK‐based multinational provider of business management software and related services. Founded in 1981 and headquartered in Newcastle upon Tyne, England, Sage develops solutions designed to help small and medium‐sized enterprises (SMEs) automate accounting, payroll, human capital management, payments and enterprise resource planning (ERP) functions. The company’s offerings span on‐premise installations as well as cloud‐based subscription services, reflecting a broad commitment to digital transformation for its customers.

Sage’s core portfolio includes cloud platforms such as Sage Intacct, Sage Business Cloud Accounting, Sage Business Cloud Payroll and HR, as well as industry‐specific ERP systems including Sage 50cloud, Sage 200cloud and Sage X3.