Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Key Points

• Sage Group PLC experienced a significant increase in short interest, rising by 978.6% in July, bringing the total to 15,100 shares as of July 15th.
• The company announced a dividend of $0.3366 per share, which reflects a high yield of 140.0%.
• Several research analysts, including Oddo Bhf and Jefferies Financial Group, issued favorable ratings for Sage Group, indicating a positive outlook for the stock.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 15,100 shares, agrowthof978.6% from the June 30th total of 1,400 shares. Based on an average daily volume of 287,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 287,200 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating on shares of Sage Group in a research report on Wednesday, June 25th. Oddo Bhf initiated coverage on Sage Group in a research report on Thursday, July 10th. They set an "outperform" rating for the company.

Sage Group Price Performance

OTCMKTS:SGPYY traded down $0.44 during trading hours on Tuesday, hitting $63.05. 21,129 shares of the stock were exchanged, compared to its average volume of 40,895. The firm's fifty day moving average price is $67.23 and its 200 day moving average price is $65.27. Sage Group has a 52-week low of $49.22 and a 52-week high of $69.79.

Sage Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 2nd were given a $0.3366 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 140.0%.

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.