Sage Group PLC (OTCMKTS:SGPYY) Stock Short Interest Report for October

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 9,667 shares, a growth of 2,067.5% from the October 15th total of 446 shares. Based on an average daily volume of 18,273 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities analysts have issued reports on SGPYY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Canaccord Genuity Group downgraded Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Investec raised Sage Group to a “buy” rating in a research report on Friday, October 9th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Sage Group Stock Performance

SGPYY stock traded up $0.14 during midday trading on Wednesday, reaching $61.50. The stock had a trading volume of 5,088 shares, compared to its average volume of 52,107. The firm has a fifty day simple moving average of $57.28 and a two-hundred day simple moving average of $50.29. Sage Group has a 52-week low of $41.80 and a 52-week high of $65.22.

About Sage Group

The Sage Group plc is a British software company that develops business-management tools, with a focus on accounting, finance, payroll and human resources. Its products help small and medium-sized businesses manage operations, meet reporting needs and organize financial information. Its offerings include accounting and financial-management software such as Sage 50, Sage 200 and Sage Intacct, as well as payroll, HR and enterprise resource planning solutions. Sage provides both cloud-based and desktop products.