Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Declines By 48.3%

Key Points

• Short interest in Sage Group PLC decreased by 48.3% in July, dropping from 15,100 shares to 7,800 shares.
• Analysts have recently given Sage Group a mix of ratings, with Oddo Bhf issuing an "outperform" rating and Jefferies maintaining a "buy" rating.
• Sage Group's stock slipped 0.2% to $59.01, underperforming its 50-day moving average of $66.28.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 7,800 shares, adecreaseof48.3% from the July 15th total of 15,100 shares. Approximately0.0% of the company's shares are short sold. Based on an average daily volume of 150,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 150,800 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's shares are short sold.

Analyst Ratings Changes

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

Sage Group Stock Down 0.2%

Shares of SGPYY stock traded down $0.10 during trading hours on Monday, hitting $59.01. The company's stock had a trading volume of 388 shares, compared to its average volume of 39,711. The company has a 50 day moving average of $66.28 and a 200 day moving average of $64.98. 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 declared a dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 2nd were issued 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%.

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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