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

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 9,324 shares, a growth of 717.9% from the July 15th total of 1,140 shares. Based on an average daily volume of 66,945 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SGPYY shares. Jefferies Financial Group reiterated a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a report on Thursday, July 30th. Finally, Citigroup reissued a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sage Group currently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on SGPYY

Sage Group Stock Down 0.4%

Shares of Sage Group stock traded down $0.21 on Tuesday, hitting $56.15. The stock had a trading volume of 10,913 shares, compared to its average volume of 69,282. Sage Group has a one year low of $41.80 and a one year high of $63.09. The stock’s 50-day simple moving average is $46.63 and its two-hundred day simple moving average is $46.87.

Sage Group Company Profile

(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.

See Also

Receive News & Ratings for Sage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sage Group and related companies with MarketBeat.com's FREE daily email newsletter.