Short Interest in The Sage Group plc (OTCMKTS:SGPYY) Drops By 46.4%

The Sage Group plc (OTCMKTS:SGPYY) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,000 shares, a decline of 46.4% from the March 31st total of 11,200 shares. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is presently 0.3 days.

The Sage Group Stock Up 0.7 %

OTCMKTS SGPYY traded up $0.44 during trading hours on Friday, hitting $59.70. The company had a trading volume of 9,429 shares, compared to its average volume of 30,178. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.88. The Sage Group has a 52 week low of $40.25 and a 52 week high of $66.14. The firm has a 50 day simple moving average of $62.45 and a 200 day simple moving average of $57.99.

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.