The Sage Group plc (OTCMKTS:SGPYY) Sees Significant Increase in Short Interest

The Sage Group plc (OTCMKTS:SGPYY - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,100 shares, an increase of 83.3% from the May 15th total of 600 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

The Sage Group Stock Down 2.0%

Shares of SGPYY stock traded down $1.38 during trading hours on Friday, reaching $68.01. The company had a trading volume of 7,566 shares, compared to its average volume of 29,111. The company has a 50 day moving average of $65.19 and a 200 day moving average of $64.75. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.76 and a current ratio of 0.76. The Sage Group has a 1-year low of $49.22 and a 1-year high of $69.38.

The Sage Group Cuts Dividend

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

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.