Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,715 shares, a decrease of 43.5% from the June 15th total of 6,576 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 189,465 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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 assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Sage Group Price Performance

Shares of SGPYY stock opened at $45.83 on Thursday. Sage Group has a one year low of $41.80 and a one year high of $68.52. The company’s 50-day moving average is $45.78 and its 200 day moving average is $47.78.

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.