Sage Group PLC (OTCMKTS:SGPYY) Short Interest Down 48.3% in January

Sage Group PLC (OTCMKTS:SGPYY) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 1,983 shares, a drop of 48.3% from the December 31st total of 3,836 shares. Based on an average daily volume of 102,260 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 102,260 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

A number of brokerages have commented on SGPYY. UBS Group upgraded Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Canaccord Genuity Group raised Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sage Group has a consensus rating of “Moderate Buy”.

Sage Group Trading Down 3.4%

SGPYY stock opened at $52.93 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. Sage Group has a 52-week low of $52.03 and a 52-week high of $69.79. The stock’s fifty day simple moving average is $57.17 and its 200-day simple moving average is $59.60.

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.