Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Rises By 639.0%

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 30,107 shares, an increase of 639.0% from the December 31st total of 4,074 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 36,827 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 36,827 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

SPAR Group Trading Up 0.5%

Shares of SGRP stock traded up $0.00 on Tuesday, reaching $0.82. 26,544 shares of the stock were exchanged, compared to its average volume of 36,431. 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 has a one year low of $0.76 and a one year high of $2.10. The stock has a market cap of $19.62 million, a PE ratio of -11.70 and a beta of 0.06. The stock has a 50 day moving average price of $0.85 and a 200 day moving average price of $1.01.

SPAR Group (NASDAQ:SGRP) last posted 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). SPAR Group had a negative return on equity of 34.89% and a negative net margin of 9.52%.The business had revenue of $41.42 million for the quarter, compared to the consensus estimate of $45.00 million. Equities research analysts forecast that SPAR Group will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, CFO Steven Michael Hennen bought 55,000 shares of the business’s stock in a transaction on Friday, December 19th. The shares were bought at an average cost of $0.78 per share, with a total value of $42,900.00. Following the purchase, the chief financial officer directly owned 55,000 shares in the company, valued at $42,900. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 50.92% of the company’s stock.

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.