Short Interest in The Sage Group plc (OTCMKTS:SGGEF) Expands By 147.6%

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 430,476 shares, a growth of 147.6% from the December 31st total of 173,841 shares. Based on an average daily volume of 4,132 shares, the short-interest ratio is currently 104.2 days. Based on an average daily volume of 4,132 shares, the short-interest ratio is currently 104.2 days.

The Sage Group Price Performance

Shares of SGGEF opened at $14.35 on Friday. The business’s 50 day simple moving average is $14.19 and its 200-day simple moving average is $15.01. The Sage Group has a one year low of $13.30 and a one year high of $17.69.

The Sage Group Company Profile

The Sage Group (OTCMKTS: SGGEF) is a UK‐based multinational provider of business management software and related services. Founded in 1981 and headquartered in Newcastle upon Tyne, England, Sage develops solutions designed to help small and medium‐sized enterprises (SMEs) automate accounting, payroll, human capital management, payments and enterprise resource planning (ERP) functions. The company’s offerings span on‐premise installations as well as cloud‐based subscription services, reflecting a broad commitment to digital transformation for its customers.

Sage’s core portfolio includes cloud platforms such as Sage Intacct, Sage Business Cloud Accounting, Sage Business Cloud Payroll and HR, as well as industry‐specific ERP systems including Sage 50cloud, Sage 200cloud and Sage X3.