Sage Group PLC (OTCMKTS:SGPYY) Short Interest Update

Key Points

• Sage Group PLC experienced a significant decrease in short interest, dropping by 60% to 200 shares by September 15th, 2023.
• The stock price of Sage Group rose by 0.6% to $59.27 during midday trading, while its one-year trading range is between $49.22 and $69.79.
• Sage Group has received mixed ratings, with Zacks Research downgrading it to a "hold" while other analysts have issued a "buy" rating, leading to an average rating of "Moderate Buy."

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 200 shares, a decrease of 60.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 84,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 84,400 shares, the short-interest ratio is currently 0.0 days.

Sage Group Stock Up 0.6%

SGPYY traded up $0.36 during midday trading on Friday, reaching $59.27. 15,849 shares of the company's stock were exchanged, compared to its average volume of 40,872. Sage Group has a one year low of $49.22 and a one year high of $69.79. The business has a 50-day simple moving average of $60.18 and a two-hundred day simple moving average of $63.55.

Analyst Upgrades and Downgrades

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

Sage Group Company Profile

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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