Sap SE Ads (NYSE:SAP) on Focus After Report of Less Shorts

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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 2.83 million shares in May as published by FINRA. Its down 2.32% from 2.90 million 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. JMP Securities maintained SAP SE (NYSE:SAP) rating on Thursday, April 25. JMP Securities has “Market Outperform” rating and $15000 target. The rating was upgraded by RBC Capital Markets on Monday, April 29 to “Outperform”. Bank of America downgraded the shares of SAP in report on Monday, February 4 to “Neutral” rating.

More notable recent SAP SE (NYSE:SAP) news were published by: Benzinga.com which released: “SAP AG (NYSE:SAP) – Uber Freight’s On-Demand Logistics To Be Available Inside SAP’s Logistics Business Network Under New Deal – Benzinga” on April 29, 2019, also Seekingalpha.com with their article: “SAP SE declares EUR 1.50 dividend – Seeking Alpha” published on April 24, 2019, Prnewswire.com published: “Smart, Simple and Secure Technology Powered by SAP HANA® and SAP® Cloud Platform Helps Customers Realize the Intelligent Enterprise – PRNewswire” on May 08, 2019. More interesting news about SAP SE (NYSE:SAP) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AbbVie, Adobe, Amex, Intel, 3M, Microsoft, SAP, Shopify, Sprint, Target and More – 24/7 Wall St.” published on April 29, 2019 as well as Seekingalpha.com‘s news article titled: “Masters Of Cloud, Part 1: The Players – Seeking Alpha” with publication date: May 06, 2019.

SAP SE (NYSE:SAP) Ratings Chart

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