The Sage Group plc (OTCMKTS:SGPYY) Short Interest Down 30.6% in November

The Sage Group plc (OTCMKTS:SGPYY) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 32,600 shares, a drop of 30.6% from the November 15th total of 47,000 shares. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is currently 0.6 days.

The Sage Group Price Performance

SGPYY stock traded down $0.12 during midday trading on Friday, hitting $66.19. The stock had a trading volume of 18,629 shares, compared to its average volume of 23,247. The business has a fifty day moving average price of $57.85 and a two-hundred day moving average price of $55.37. The Sage Group has a 1-year low of $49.22 and a 1-year high of $67.56.

The Sage Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, January 10th will be given a dividend of $0.6887 per share. This is a positive change from The Sage Group’s previous dividend of $0.30. The ex-dividend date of this dividend is Friday, January 10th.

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.