Short Interest in The Sage Group plc (OTCMKTS:SGGEF) Rises By 103.0%

The Sage Group plc (OTCMKTS:SGGEF) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 350,800 shares, an increase of 103.0% from the January 15th total of 172,800 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is presently 233.9 days.

The Sage Group Price Performance

Shares of OTCMKTS:SGGEF traded down $0.13 during trading on Thursday, hitting $16.20. 622 shares of the stock were exchanged, compared to its average volume of 994. The Sage Group has a 1-year low of $12.45 and a 1-year high of $17.59. The company’s fifty day simple moving average is $16.52 and its 200-day simple moving average is $14.64.

The Sage Group Company Profile

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.