Short Interest in The Sage Group plc (OTCMKTS:SGGEF) Declines By 39.9%

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 339,100 shares, a decline of 39.9% from the May 15th total of 563,800 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is currently 35.0 days.

The Sage Group Stock Down 1.1%

Shares of SGGEF traded down $0.19 during mid-day trading on Tuesday, hitting $17.30. 748 shares of the company were exchanged, compared to its average volume of 11,064. The Sage Group has a 1-year low of $12.45 and a 1-year high of $17.69. The company has a 50 day moving average of $16.45 and a 200-day moving average of $16.36.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.