Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw a large growth in short interest during the month of 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 trading volume, of 287,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 287,200 shares, the days-to-cover ratio is presently 0.1 days.
Sage Group Trading Up 0.8%
SGPYY traded up $0.51 during trading on Wednesday, reaching $63.56. 16,525 shares of the company traded hands, compared to its average volume of 40,728. The firm has a fifty day simple moving average of $67.14 and a 200 day simple moving average of $65.25. Sage Group has a 12-month low of $49.22 and a 12-month high of $69.79.
Sage Group Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 2nd were given a dividend of $0.3366 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 140.0%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SGPYY shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sage Group in a research note on Wednesday, June 25th. Oddo Bhf started coverage on shares of Sage Group in a report on Thursday, July 10th. They issued an "outperform" rating for the company.
View Our Latest Stock Report on Sage Group
Sage Group Company Profile
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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.
Further Reading
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