The Sage Group plc (OTCMKTS:SGGEF) Short Interest Update

The Sage Group plc (OTCMKTS:SGGEF) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 441,707 shares, a drop of 35.1% from the July 30th total of 680,760 shares. Based on an average trading volume of 4,848 shares, the days-to-cover ratio is presently 91.1 days.

The Sage Group Price Performance

OTCMKTS:SGGEF opened at $14.24 on Tuesday. The stock’s 50-day moving average is $12.47 and its two-hundred day moving average is $11.78. The Sage Group has a fifty-two week low of $10.54 and a fifty-two week high of $16.40.

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.