Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Rises By 5,475.0%

Sage Group PLC (OTCMKTS:SGPYY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 22,300 shares, an increase of 5,475.0% from the September 30th total of 400 shares. Based on an average daily volume of 125,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 125,500 shares, the days-to-cover ratio is currently 0.2 days.

Sage Group Price Performance

SGPYY stock opened at $62.63 on Wednesday. The business has a fifty day moving average of $59.60 and a two-hundred day moving average of $63.61. Sage Group has a 52-week low of $49.22 and a 52-week high of $69.79.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Oddo Bhf assumed coverage on Sage Group in a report on Thursday, July 10th. They issued an “outperform” rating for the company. Zacks Research raised Sage Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

About 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.