SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Down 24.0% in August

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,900 shares, a drop of 24.0% from the August 15th total of 2,500 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of SPAR Group from a “d+” rating to a “c-” rating in a research note on Monday, June 5th.

SPAR Group Stock Performance

Shares of NASDAQ:SGRP traded down $0.04 during trading on Friday, reaching $0.93. The company had a trading volume of 47,131 shares, compared to its average volume of 14,156. SPAR Group has a fifty-two week low of $0.91 and a fifty-two week high of $1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s fifty day moving average price is $1.17 and its 200 day moving average price is $1.21. The firm has a market capitalization of $21.60 million, a price-to-earnings ratio of 18.60 and a beta of 0.85.

SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings data on Monday, August 14th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $65.94 million for the quarter, compared to analysts’ expectations of $70.00 million. SPAR Group had a return on equity of 10.41% and a net margin of 0.42%. As a group, equities research analysts predict that SPAR Group will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SPAR Group stock. Renaissance Technologies LLC raised its stake in SPAR Group, Inc. (NASDAQ:SGRP) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,500 shares of the business services provider’s stock after buying an additional 27,500 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of SPAR Group worth $116,000 at the end of the most recent reporting period. 9.21% of the stock is owned by institutional investors and hedge funds.

About SPAR Group

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.