The Sage Group plc (OTCMKTS:SGGEF) Sees Large Growth in Short Interest

The Sage Group plc (OTCMKTS:SGGEF) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 456,300 shares, an increase of 16.3% from the August 15th total of 392,300 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 325.9 days.

The Sage Group Price Performance

Shares of The Sage Group stock remained flat at $12.86 on Monday. The stock had a trading volume of 33 shares, compared to its average volume of 2,863. The Sage Group has a one year low of $11.25 and a one year high of $16.50. The firm’s 50 day moving average is $13.35 and its 200-day moving average is $14.16.

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.