Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Increases By 424.7%

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 82,900 shares, an increase of 424.7% from the November 30th total of 15,800 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 133,000 shares, the short-interest ratio is presently 0.6 days.

Insider Buying and Selling

In related news, major shareholder Robert G/ Brown sold 162,454 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $2.40, for a total transaction of $389,889.60. Following the completion of the transaction, the insider now owns 2,568,446 shares of the company’s stock, valued at approximately $6,164,270.40. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 342,540 shares of company stock valued at $827,417. Company insiders own 59.66% of the company’s stock.

Hedge Funds Weigh In On SPAR Group

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in shares of SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after purchasing an additional 82,029 shares during the period. Murchinson Ltd. acquired a new stake in SPAR Group during the third quarter worth about $196,000. Corsair Capital Management L.P. increased its stake in SPAR Group by 3,205,200.0% during the third quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares during the period. Geode Capital Management LLC raised its holdings in SPAR Group by 35.0% in the 3rd quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 35,450 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of SPAR Group in the 3rd quarter worth approximately $81,000. 9.57% of the stock is currently owned by institutional investors and hedge funds.

SPAR Group Stock Performance

Shares of SGRP stock traded up $0.03 during trading hours on Friday, reaching $1.91. 19,134 shares of the company’s stock were exchanged, compared to its average volume of 204,953. SPAR Group has a fifty-two week low of $0.95 and a fifty-two week high of $3.12. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $44.79 million, a P/E ratio of 3.75 and a beta of 0.67. The business has a fifty day moving average price of $2.20 and a 200-day moving average price of $2.17.

SPAR Group Company Profile

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.