The Sage Group plc (OTCMKTS:SGPYY) Sees Large Decline in Short Interest

The Sage Group plc (OTCMKTS:SGPYY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,600 shares, a drop of 23.5% from the February 28th total of 3,400 shares. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

The Sage Group Price Performance

SGPYY stock traded down $0.52 during mid-day trading on Friday, hitting $63.16. 27,952 shares of the company were exchanged, compared to its average volume of 32,908. The Sage Group has a 12-month low of $49.22 and a 12-month high of $68.45. The business has a fifty day simple moving average of $64.33 and a 200-day simple moving average of $61.08. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.13.

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.