Short Interest in The Sage Group plc (OTCMKTS:SGPYY) Decreases By 82.6%

The Sage Group plc (OTCMKTS:SGPYY - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 5,200 shares, a drop of 82.6% from the December 31st total of 29,800 shares. Based on an average trading volume of 54,100 shares, the days-to-cover ratio is currently 0.1 days.

The Sage Group Trading Up 0.2 %

Shares of OTCMKTS SGPYY traded up $0.16 during midday trading on Tuesday, hitting $66.31. The company's stock had a trading volume of 17,139 shares, compared to its average volume of 38,361. The Sage Group has a 12-month low of $49.22 and a 12-month high of $68.45. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.13. The business's 50 day moving average is $65.30 and its two-hundred day moving average is $57.71.

The Sage Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, January 10th will be given a dividend of $0.6887 per share. This is an increase from The Sage Group's previous dividend of $0.30. The ex-dividend date of this dividend is Friday, January 10th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.