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

by · The Cerbat Gem

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 4,245 shares, a decline of 26.4% from the November 30th total of 5,766 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 75,939 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 75,939 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

SPAR Group Stock Performance

SGRP traded up $0.01 during midday trading on Wednesday, hitting $0.79. 226,024 shares of the company traded hands, compared to its average volume of 83,114. The company’s 50-day moving average is $0.93 and its 200 day moving average is $1.03. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $18.94 million, a PE ratio of -11.30 and a beta of 0.09. SPAR Group has a 52 week low of $0.76 and a 52 week high of $2.10.

SPAR Group (NASDAQ:SGRP – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $41.42 million during the quarter, compared to the consensus estimate of $45.00 million. SPAR Group had a negative return on equity of 34.89% and a negative net margin of 9.52%. On average, research analysts expect that SPAR Group will post 0.09 EPS for the current year.

Insiders Place Their Bets

In related news, President William Linnane bought 173,000 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were acquired at an average cost of $1.02 per share, with a total value of $176,460.00. Following the completion of the acquisition, the president owned 190,909 shares of the company’s stock, valued at $194,727.18. The trade was a 965.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven Michael Hennen purchased 55,000 shares of SPAR Group stock in a transaction dated Friday, December 19th. The shares were bought at an average price of $0.78 per share, with a total value of $42,900.00. Following the completion of the acquisition, the chief financial officer directly owned 55,000 shares of the company’s stock, valued at approximately $42,900. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 50.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on SPAR Group

SPAR Group Company Profile

(Get Free Report)

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.

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