The Sage Group plc (OTCMKTS:SGGEF) Sees Large Growth in Short Interest

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,703,595 shares, an increase of 196.7% from the January 29th total of 574,220 shares. Based on an average trading volume of 6,757 shares, the days-to-cover ratio is presently 252.1 days. Based on an average trading volume of 6,757 shares, the days-to-cover ratio is presently 252.1 days.

The Sage Group Trading Up 1.2%

SGGEF opened at $10.68 on Thursday. The Sage Group has a one year low of $10.55 and a one year high of $17.69. The business’s 50 day moving average price is $13.24 and its 200 day moving average price is $14.34.

About The Sage Group

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.