The Sage Group plc (OTCMKTS:SGPYY) Sees Significant Decrease in Short Interest

The Sage Group plc (OTCMKTS:SGPYYGet Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,200 shares, a drop of 82.6% from the December 31st total of 29,800 shares. Based on an average daily volume of 54,100 shares, the days-to-cover ratio is currently 0.1 days.

The Sage Group Price Performance

OTCMKTS SGPYY traded up $0.07 on Wednesday, reaching $66.38. The company’s stock had a trading volume of 46,924 shares, compared to its average volume of 38,835. The Sage Group has a twelve month low of $49.22 and a twelve month high of $68.45. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average is $65.32 and its two-hundred day moving average is $57.77.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, January 10th will be given a dividend of $0.6887 per share. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from The Sage Group’s previous dividend of $0.30.

The Sage Group Company Profile

(Get Free Report)

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.

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