SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Down 26.4% in December

SPAR Group, Inc. (NASDAQ:SGRP) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 4,245 shares, a drop of 26.4% from the November 30th total of 5,766 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,939 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 75,939 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Insider Buying and Selling at SPAR Group

In related news, President William Linnane acquired 173,000 shares of SPAR Group stock in a transaction dated Friday, October 3rd. The shares were acquired at an average cost of $1.02 per share, for a total transaction of $176,460.00. Following the completion of the transaction, the president directly owned 190,909 shares of the company’s stock, valued at $194,727.18. The trade was a 965.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 50.92% of the stock is currently owned by company insiders.

SPAR Group Trading Up 2.3%

SGRP stock traded up $0.02 on Tuesday, hitting $0.79. 55,668 shares of the company were exchanged, compared to its average volume of 82,431. The stock has a market capitalization of $19.02 million, a price-to-earnings ratio of -11.34 and a beta of 0.09. The business’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.04. SPAR Group has a twelve month low of $0.76 and a twelve month high of $2.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20.

SPAR Group (NASDAQ:SGRP) last issued its earnings results on Friday, November 14th. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.13). The firm had revenue of $41.42 million during the quarter, compared to analysts’ expectations of $45.00 million. SPAR Group had a negative return on equity of 34.89% and a negative net margin of 9.52%. As a group, research analysts forecast that SPAR Group will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SPAR Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SPAR Group currently has an average rating of “Sell”.

SPAR Group Company Profile

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.