Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Drops By 33.3%

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 72,882 shares, a decline of 33.3% from the June 30th total of 109,283 shares. Based on an average daily volume of 44,232 shares, the short-interest ratio is presently 1.6 days. Approximately 0.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SPAR Group in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SPAR Group presently has a consensus rating of “Sell”.

SPAR Group Stock Up 9.1%

SGRP stock opened at $0.60 on Friday. The company has a fifty day moving average price of $0.73 and a 200 day moving average price of $0.72. SPAR Group has a 12 month low of $0.27 and a 12 month high of $1.41. The company has a market cap of $17.37 million, a price-to-earnings ratio of -0.58 and a beta of 0.21. The company has a debt-to-equity ratio of 46.15, a current ratio of 0.88 and a quick ratio of 0.88.

About SPAR Group

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.