Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Expands By 51.5%

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 182,100 shares, a growth of 51.5% from the January 31st total of 120,200 shares. Based on an average daily trading volume, of 97,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.6% of the company’s stock are short sold.

SPAR Group Stock Performance

Shares of SPAR Group stock traded down $0.00 during trading on Tuesday, reaching $1.51. The company’s stock had a trading volume of 43,130 shares, compared to its average volume of 69,968. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The firm has a market cap of $35.32 million, a PE ratio of 2.95 and a beta of 0.68. SPAR Group has a fifty-two week low of $0.97 and a fifty-two week high of $3.12. The company has a 50-day moving average price of $1.88 and a two-hundred day moving average price of $2.10.

Hedge Funds Weigh In On SPAR Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in SPAR Group by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 150,068 shares of the business services provider’s stock worth $291,000 after purchasing an additional 13,377 shares in the last quarter. Renaissance Technologies LLC boosted its stake in SPAR Group by 6.3% during the 4th quarter. Renaissance Technologies LLC now owns 231,794 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 13,794 shares during the period. Sage Investment Counsel LLC acquired a new position in shares of SPAR Group during the fourth quarter worth approximately $29,000. Northern Trust Corp bought a new stake in shares of SPAR Group during the fourth quarter valued at about $39,000. Finally, Oddo BHF Asset Management Sas bought a new position in SPAR Group during the third quarter valued at about $81,000. 9.57% of the stock is owned by institutional investors and hedge funds.

SPAR Group Company Profile

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.