SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Up 38.1% in November

SPAR Group, Inc. (NASDAQ:SGRP) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 40,600 shares, an increase of 38.1% from the October 31st total of 29,400 shares. Based on an average trading volume of 200,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Insider Transactions at SPAR Group

In other news, major shareholder Robert G/ Brown sold 21,221 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $2.45, for a total value of $51,991.45. Following the completion of the transaction, the insider now owns 2,476,378 shares of the company’s stock, valued at $6,067,126.10. The trade was a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 342,540 shares of company stock valued at $827,417 over the last three months. 59.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SPAR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SGRP. IAM Advisory LLC purchased a new stake in SPAR Group in the 2nd quarter valued at about $32,000. Acadian Asset Management LLC purchased a new position in shares of SPAR Group during the 2nd quarter worth about $27,000. Dimensional Fund Advisors LP purchased a new stake in SPAR Group in the second quarter valued at approximately $68,000. Renaissance Technologies LLC increased its position in SPAR Group by 199.6% during the second quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after purchasing an additional 82,029 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in SPAR Group during the second quarter worth approximately $25,000. Hedge funds and other institutional investors own 9.57% of the company’s stock.

SPAR Group Price Performance

SGRP stock remained flat at $2.23 during midday trading on Friday. 9,159 shares of the company’s stock traded hands, compared to its average volume of 208,421. SPAR Group has a 12-month low of $0.70 and a 12-month high of $3.12. The company has a market cap of $52.29 million, a price-to-earnings ratio of 4.37 and a beta of 0.71. The business has a 50-day moving average price of $2.37 and a 200-day moving average price of $2.21. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

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.