Sage Group PLC (OTCMKTS:SGPYY) Short Interest Up 100.0% in September

Key Points

• Sage Group PLC's short interest increased by 100.0% in September, rising from 200 to 400 shares as of September 30th.
• Research analysts have mixed views on Sage Group, with two rating it as a Buy and one as a Hold, leading to a consensus rating of "Moderate Buy".
• The company's stock closed at $61.32 on Monday, with a trading volume below its average, and it has seen a 1-year low of $49.22 and a 1-year high of $69.79.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 400 shares, an increase of 100.0% from the September 15th total of 200 shares. Based on an average trading volume of 53,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 53,800 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

SGPYY has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sage Group in a research report on Wednesday, June 25th. Zacks Research cut Sage Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Oddo Bhf initiated coverage on Sage Group in a report on Thursday, July 10th. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Sage Group Stock Performance

OTCMKTS SGPYY traded up $0.15 during trading hours on Monday, reaching $61.32. The company's stock had a trading volume of 17,697 shares, compared to its average volume of 40,351. Sage Group has a 1-year low of $49.22 and a 1-year high of $69.79. The company's 50-day moving average is $59.23 and its two-hundred day moving average is $63.43.

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.

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