Short Interest in Sage Group PLC (OTCMKTS:SGPYY) Expands By 218.9%

Key Points

• Short interest jumped 218.9% to 25,146 shares as of March 31 (up from 7,886 on March 15), but still represents ~0.0% of shares sold short and has a very low 0.2 days-to-cover, indicating limited squeeze risk.
• Wall Street sentiment is broadly positive with a MarketBeat consensus of "Buy" after recent upgrades from UBS and Canaccord (one Strong Buy, three Buy, one Hold), although Zacks recently cut its rating to Hold.
• Sage is trading around $44.47, below its 200‑day moving average of $53.66 (50‑day $44.87) and within a 1‑year range of $41.99–$69.79, while liquidity is weak (current and quick ratios 0.64) and leverage is elevated (debt‑to‑equity 2.17).

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 25,146 shares, an increase of 218.9% from the March 15th total of 7,886 shares. Based on an average daily volume of 149,987 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SGPYY shares. UBS Group upgraded shares of Sage Group from a "hold" rating to a "buy" rating in a research note on Monday, January 12th. Zacks Research lowered shares of Sage Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 27th. Finally, Canaccord Genuity Group upgraded shares of Sage Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Sage Group has a consensus rating of "Buy".

Sage Group Price Performance

SGPYY opened at $44.47 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. The firm's fifty day moving average price is $44.87 and its two-hundred day moving average price is $53.66. Sage Group has a 1 year low of $41.99 and a 1 year high of $69.79.

About Sage Group

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company's product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.

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