The Sage Group plc (OTCMKTS:SGPYY) Short Interest Up 270,800.0% in June

The Sage Group plc (OTCMKTS:SGPYY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 270,900 shares, an increase of 270,800.0% from the May 31st total of 100 shares. Based on an average trading volume of 167,100 shares, the days-to-cover ratio is presently 1.6 days.

The Sage Group Trading Down 1.1 %

Shares of SGPYY traded down $0.62 during trading hours on Friday, hitting $54.64. 7,234 shares of the company were exchanged, compared to its average volume of 71,642. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day simple moving average of $56.31 and a 200-day simple moving average of $59.59. The Sage Group has a one year low of $45.71 and a one year high of $66.14.

The Sage Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, May 31st will be issued a $0.3001 dividend. The ex-dividend date of this dividend is Friday, May 31st.

The Sage Group Company Profile

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.