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

The Sage Group plc (OTCMKTS:SGGEFGet Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 203,700 shares, a growth of 113.1% from the April 30th total of 95,600 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is presently 119.8 days.

The Sage Group Stock Down 2.1 %

Shares of OTCMKTS:SGGEF traded down $0.30 during midday trading on Wednesday, reaching $13.95. The company had a trading volume of 2,100 shares, compared to its average volume of 4,067. The stock’s fifty day moving average price is $14.60 and its 200-day moving average price is $14.53. The Sage Group has a one year low of $10.29 and a one year high of $16.50.

The Sage Group Company Profile

(Get Free Report)

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.

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