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

The Sage Group plc (OTCMKTS:SGPYY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 47,000 shares, an increase of 1,466.7% from the October 31st total of 3,000 shares. Based on an average trading volume of 146,200 shares, the days-to-cover ratio is presently 0.3 days.

The Sage Group Stock Performance

Shares of SGPYY stock traded up $0.25 during trading hours on Thursday, reaching $66.42. 13,142 shares of the company’s stock were exchanged, compared to its average volume of 31,957. The Sage Group has a fifty-two week low of $49.22 and a fifty-two week high of $66.74. The stock’s 50 day moving average is $54.88 and its 200-day moving average is $54.51.

Analysts Set New Price Targets

Separately, Barclays upgraded The Sage Group to a “strong sell” rating in a research note on Wednesday, July 31st.

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.