The Sage Group plc (OTCMKTS:SGPYY) Short Interest Up 1,766.7% in September

The Sage Group plc (OTCMKTS:SGPYY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 5,600 shares, a growth of 1,766.7% from the September 15th total of 300 shares. Based on an average trading volume of 34,000 shares, the short-interest ratio is presently 0.2 days.

The Sage Group Price Performance

Shares of The Sage Group stock traded up $0.20 during trading on Friday, hitting $52.92. 14,241 shares of the stock traded hands, compared to its average volume of 29,056. The firm’s fifty day moving average is $53.27 and its 200-day moving average is $55.83. The Sage Group has a 52 week low of $45.71 and a 52 week high of $66.14.

Analyst Upgrades and Downgrades

Separately, Barclays raised The Sage Group to a “strong sell” rating in a research note on Wednesday, July 31st.

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.