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

The Sage Group plc (OTCMKTS:SGGEF) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 775,700 shares, an increase of 52.4% from the October 31st total of 508,900 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is currently 517.1 days.

The Sage Group Stock Up 1.9 %

OTCMKTS:SGGEF traded up $0.31 on Friday, reaching $17.06. The company’s stock had a trading volume of 153 shares, compared to its average volume of 2,997. The business’s 50-day moving average price is $13.76 and its two-hundred day moving average price is $13.66. The Sage Group has a 1-year low of $12.45 and a 1-year high of $17.06.

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.