BGSF, Inc. (NYSE:BGSF) Short Interest Down 12.6% in January

BGSF, Inc. (NYSE:BGSF) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 177,453 shares, a decline of 12.6% from the January 15th total of 203,044 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 32,123 shares, the short-interest ratio is currently 5.5 days. Based on an average trading volume of 32,123 shares, the short-interest ratio is currently 5.5 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Trading of BGSF

A number of institutional investors have recently added to or reduced their stakes in BGSF. FNY Investment Advisers LLC raised its position in BGSF by 7,900.0% in the second quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock valued at $50,000 after purchasing an additional 7,900 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of BGSF in the third quarter valued at about $75,000. Vise Technologies Inc. acquired a new stake in shares of BGSF in the fourth quarter valued at about $122,000. Empowered Funds LLC raised its holdings in shares of BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock valued at $159,000 after buying an additional 4,262 shares during the period. Finally, Jane Street Group LLC lifted its position in BGSF by 183.6% during the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after acquiring an additional 24,787 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

BGSF Stock Up 2.2%

BGSF stock opened at $6.00 on Wednesday. BGSF has a 52-week low of $2.91 and a 52-week high of $8.22. The stock’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $5.12. The stock has a market capitalization of $67.20 million, a price-to-earnings ratio of -5.83 and a beta of 0.73.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.