The Sage Group plc (OTCMKTS:SGGEF) Sees Significant Decline in Short Interest

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 494,400 shares, a drop of 41.3% from the June 30th total of 841,700 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 353.1 days.

The Sage Group Price Performance

OTCMKTS:SGGEF remained flat at $13.65 during trading hours on Friday. The stock has a fifty day moving average of $13.91 and a 200-day moving average of $14.51. The Sage Group has a 1-year low of $11.25 and a 1-year high of $16.50.

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.