SPAR Group, Inc. (NASDAQ:SGRP) Sees Significant Decrease in Short Interest

SPAR Group, Inc. (NASDAQ:SGRPGet Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 5,600 shares, a decline of 37.1% from the January 15th total of 8,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On SPAR Group

An institutional investor recently raised its position in SPAR Group stock. Renaissance Technologies LLC grew its position in shares of SPAR Group, Inc. (NASDAQ:SGRPFree Report) by 44.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,500 shares of the business services provider’s stock after purchasing an additional 27,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of SPAR Group worth $116,000 as of its most recent SEC filing. Institutional investors own 9.21% of the company’s stock.

SPAR Group Stock Down 5.4 %

SPAR Group stock traded down $0.06 during midday trading on Monday, hitting $1.06. 18,404 shares of the stock were exchanged, compared to its average volume of 23,546. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $24.63 million, a price-to-earnings ratio of 18.67 and a beta of 0.73. SPAR Group has a 52-week low of $0.70 and a 52-week high of $1.40. The business’s 50-day moving average price is $1.02 and its 200-day moving average price is $1.02.

SPAR Group (NASDAQ:SGRPGet Free Report) last announced its earnings results on Tuesday, November 14th. The business services provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. SPAR Group had a net margin of 0.54% and a return on equity of 11.32%. The firm had revenue of $67.33 million for the quarter, compared to analyst estimates of $68.00 million. On average, research analysts expect that SPAR Group will post 0.07 EPS for the current fiscal year.

About SPAR Group

(Get Free Report)

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.

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