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

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 24,475 shares, a decrease of 29.6% from the January 29th total of 34,746 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 29,819 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 29,819 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Insider Buying and Selling

In related news, CFO Steven Michael Hennen acquired 55,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was acquired at an average price of $0.78 per share, with a total value of $42,900.00. Following the purchase, the chief financial officer directly owned 55,000 shares in the company, valued at approximately $42,900. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 50.92% of the stock is currently owned by insiders.

SPAR Group Price Performance

Shares of NASDAQ:SGRP traded down $0.02 during trading on Tuesday, hitting $0.76. 6,839 shares of the company were exchanged, compared to its average volume of 24,207. SPAR Group has a 1-year low of $0.73 and a 1-year high of $1.60. The company has a market capitalization of $18.23 million, a P/E ratio of -10.87 and a beta of 0.07. 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 business’s 50 day moving average is $0.81 and its 200-day moving average is $0.95.

About SPAR Group

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.