Short Interest in The Sage Group plc (OTCMKTS:SGGEF) Rises By 92.1%

The Sage Group plc (OTCMKTS:SGGEF) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 305,424 shares, an increase of 92.1% from the April 15th total of 159,008 shares. Based on an average daily volume of 473 shares, the days-to-cover ratio is presently 645.7 days.

The Sage Group Stock Performance

Shares of OTCMKTS:SGGEF remained flat at $11.25 on Monday. 735 shares of the stock traded hands, compared to its average volume of 2,771. The firm’s 50 day moving average price is $11.43 and its 200 day moving average price is $12.89. The Sage Group has a one year low of $10.55 and a one year high of $17.65.

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.