Today Sap SE Ads (NYSE:SAP) Reported Decrease in Shorted Shares

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The stock of Sap SE Ads (NYSE:SAP) registered a decrease of 2.32% in short interest. SAP’s total short interest was 2.83M shares in May as published by FINRA. Its down 2.32% from 2.90M shares, reported previously. With 564,900 shares average volume, it will take short sellers 5 days to cover their SAP’s short positions. The short interest to Sap SE Ads’s float is 0.27%.

The stock increased 0.83% or $1.03 during the last trading session, reaching $124.5. About 484,762 shares traded. SAP SE (NYSE:SAP) has risen 5.22% since May 8, 2018 and is uptrending. It has outperformed by 0.85% the S&P500.

SAP SE operates as an enterprise application software and database firm worldwide. The company has market cap of $148.71 billion. It offers SAP HANA and SAP S/4HANA, which are in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate legacy systems and siloed data; SAP BW/4HANA, a data warehouse software; SAP S/4HANA Cloud, a software-as-a-service solution that provides the scalability, ease of management, and security; SAP SuccessFactors, a suite of human capital management solutions to develop, manage, engage, and empower the workforce; SAP Concur, a travel and expense management solution; SAP Ariba, a guided buying, light enablement, and open platform solution; and SAP Fieldglass, a solution to procure and manage external workforce. It has a 30.08 P/E ratio. The firm also provides SAP Cloud Platform, an in-memory platform-as-a-service to build, run, and extend business applications; SAP BusinessObjects Cloud, a cloud analytics solution; SAP Digital Boardroom, a solution to access firm data in real time; and SAP Leonardo, a solution to digitize manufacturing, logistics, and asset management processes, as well as maintenance, consulting, and training services.

SAP SE (NYSE:SAP) Ratings Coverage

Among 3 analysts covering SAP (NYSE:SAP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. SAP had 6 analyst reports since February 4, 2019 according to SRatingsIntel. The company was downgraded on Monday, February 4 by Bank of America. JMP Securities maintained the shares of SAP in report on Thursday, April 25 with “Market Outperform” rating. The company was upgraded on Monday, April 29 by RBC Capital Markets.

More notable recent SAP SE (NYSE:SAP) news were published by: Seekingalpha.com which released: “SAP: Buy The Dip – Seeking Alpha” on January 30, 2019, also Benzinga.com with their article: “Earnings Scheduled For April 24, 2019 – Benzinga” published on April 24, 2019, Prnewswire.com published: “SAP Investor Presentations in May 2019 – PRNewswire” on May 06, 2019. More interesting news about SAP SE (NYSE:SAP) were released by: Streetinsider.com and their article: “SAP AG (SAP) Surges on Q1 Results, Comprehensive Review – StreetInsider.com” published on April 24, 2019 as well as Prnewswire.com‘s news article titled: “Pizza Hut Franchisee NPC International Serves up Exceptional Employee Experience With SAP® SuccessFactors® Solutions – PRNewswire” with publication date: May 01, 2019.

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