Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Declines By 63.6%

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 27,466 shares, a drop of 63.6% from the April 15th total of 75,541 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 66,155 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

SGPYY has been the topic of several recent research reports. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sage Group has a consensus rating of “Buy”.

Read Our Latest Analysis on SGPYY

Sage Group Price Performance

Shares of SGPYY traded up $0.41 during trading hours on Friday, hitting $46.88. 33,060 shares of the company were exchanged, compared to its average volume of 38,695. Sage Group has a fifty-two week low of $41.99 and a fifty-two week high of $69.79. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average is $46.52 and its 200 day moving average is $51.74.

About Sage Group

(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.

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