Short Interest in The Sage Group plc (OTCMKTS:SGPYY) Declines By 71.4%

The Sage Group plc (OTCMKTS:SGPYY - Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 600 shares, a decline of 71.4% from the April 30th total of 2,100 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

The Sage Group Stock Down 0.9%

Shares of OTCMKTS SGPYY traded down $0.58 during mid-day trading on Friday, hitting $65.18. The company had a trading volume of 47,291 shares, compared to its average volume of 30,512. The stock's 50-day moving average price is $63.97 and its 200-day moving average price is $64.24. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.76 and a quick ratio of 0.76. The Sage Group has a 1 year low of $49.22 and a 1 year high of $69.00.

The Sage Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 2nd will be issued a dividend of $0.3366 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 1.4%.

About The 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.