Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,715 shares, a decrease of 43.5% from the June 15th total of 6,576 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 189,465 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sage Group has an average rating of “Buy”.

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Sage Group Stock Performance

Shares of SGPYY stock opened at $45.82 on Friday. Sage Group has a 52-week low of $41.80 and a 52-week high of $68.52. The firm has a fifty day moving average of $45.72 and a 200-day moving average of $47.70.

Sage Group Company Profile

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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.

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