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

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 94,700 shares, a growth of 45.5% from the May 15th total of 65,100 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 62,100 shares, the short-interest ratio is currently 1.5 days.

SPAR Group Stock Performance

NASDAQ SGRP opened at $1.08 on Wednesday. The company has a market capitalization of $25.33 million, a price-to-earnings ratio of 2.12 and a beta of 0.38. SPAR Group has a twelve month low of $1.00 and a twelve month high of $2.48. The stock has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $1.51. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.07.

Institutional Trading of SPAR Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CSS LLC IL increased its holdings in SPAR Group by 679.4% in the fourth quarter. CSS LLC IL now owns 177,669 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 154,873 shares during the period. Beryl Capital Management LLC increased its holdings in SPAR Group by 4.7% in the fourth quarter. Beryl Capital Management LLC now owns 763,878 shares of the business services provider’s stock valued at $1,482,000 after purchasing an additional 34,242 shares during the period. Northern Trust Corp acquired a new stake in SPAR Group in the fourth quarter valued at $39,000. Renaissance Technologies LLC grew its holdings 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 worth $450,000 after acquiring an additional 13,794 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 acquiring an additional 13,377 shares during the period. 9.57% of the stock is currently owned by institutional investors and hedge funds.

About SPAR Group

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.