The Sage Group plc (OTCMKTS:SGGEF) Short Interest Up 33.4% in January

by · The Markets Daily

The Sage Group plc (OTCMKTS:SGGEF – Get Free Report) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 574,220 shares, a growth of 33.4% from the January 15th total of 430,476 shares. Based on an average daily trading volume, of 1,846 shares, the days-to-cover ratio is presently 311.1 days. Based on an average daily trading volume, of 1,846 shares, the days-to-cover ratio is presently 311.1 days.

The Sage Group Price Performance

OTCMKTS SGGEF opened at $11.05 on Friday. The Sage Group has a 1 year low of $11.05 and a 1 year high of $17.69. The business’s 50-day moving average is $13.82 and its 200 day moving average is $14.65.

About The Sage Group

(Get Free Report)

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.

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