SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Update

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 42,687 shares, a decline of 41.2% from the April 15th total of 72,639 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 40,365 shares, the short-interest ratio is presently 1.1 days.

SPAR Group Stock Performance

Shares of SGRP traded up $0.02 during midday trading on Tuesday, hitting $0.67. 29,395 shares of the stock traded hands, compared to its average volume of 45,029. SPAR Group has a 1-year low of $0.50 and a 1-year high of $1.41. The firm has a market capitalization of $16.85 million, a PE ratio of -0.65 and a beta of 0.18. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $0.79.

SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.41). The firm had revenue of $22.02 million for the quarter, compared to analyst estimates of $40.00 million. SPAR Group had a negative net margin of 18.51% and a negative return on equity of 107.74%. During the same period last year, the firm posted ($0.24) EPS.

Insider Buying and Selling

In other SPAR Group news, CFO Steven Michael Hennen acquired 78,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $0.64 per share, with a total value of $49,920.00. Following the completion of the acquisition, the chief financial officer directly owned 133,000 shares in the company, valued at $85,120. This trade represents a 141.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 50.92% of the stock is currently owned by corporate insiders.

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.