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

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 42,687 shares, a decrease of 41.2% from the April 15th total of 72,639 shares. Based on an average daily trading volume, of 40,365 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the shares of the company are sold short.

Insider Activity at SPAR Group

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $0.64 per share, with a total value of $49,920.00. Following the completion of the acquisition, the chief financial officer directly owned 133,000 shares of the company’s stock, valued at approximately $85,120. This trade represents a 141.82% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 50.92% of the company’s stock.

SPAR Group Price Performance

Shares of SGRP stock traded up $0.01 during trading hours on Friday, hitting $0.68. The company’s stock had a trading volume of 100,398 shares, compared to its average volume of 67,832. The business has a fifty day moving average of $0.66 and a 200-day moving average of $0.80. The stock has a market cap of $16.96 million, a price-to-earnings ratio of -0.66 and a beta of 0.18. SPAR Group has a twelve month low of $0.50 and a twelve month high of $1.41. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 46.15.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.41). SPAR Group had a negative net margin of 18.51% and a negative return on equity of 107.74%. The business had revenue of $22.02 million during the quarter, compared to analyst estimates of $40.00 million. During the same quarter in the prior year, the company earned ($0.24) earnings per share.

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.