Sage Group PLC (OTCMKTS:SGPYY) Short Interest Down 77.1% in May

Sage Group PLC (OTCMKTS:SGPYY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 7,155 shares, a drop of 77.1% from the May 14th total of 31,261 shares. Based on an average daily trading volume, of 55,674 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Sage Group Price Performance

OTCMKTS SGPYY traded down $2.35 on Friday, hitting $43.39. 707 shares of the stock traded hands, compared to its average volume of 76,016. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17. The stock has a 50-day moving average of $47.62 and a 200 day moving average of $50.09. Sage Group has a twelve month low of $41.99 and a twelve month high of $69.79.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Sage Group Company Profile

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.