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

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 97,900 shares, a decrease of 46.2% from the February 13th total of 182,100 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 98,200 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On SPAR Group

Hedge funds have recently bought and sold shares of the business. CSS LLC IL lifted its position in shares of SPAR Group by 679.4% in the fourth quarter. CSS LLC IL now owns 177,669 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 154,873 shares in the last quarter. Murchinson Ltd. purchased a new position in SPAR Group during the third quarter worth approximately $196,000. Corsair Capital Management L.P. lifted its position 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 worth $157,000 after buying an additional 64,104 shares in the last quarter. Virtu Financial LLC purchased a new position in SPAR Group during the fourth quarter worth approximately $105,000. Finally, Geode Capital Management LLC lifted its position in SPAR Group by 35.0% during the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after buying an additional 35,450 shares in the last quarter. Hedge funds and other institutional investors own 9.57% of the company’s stock.

SPAR Group Stock Performance

Shares of SGRP stock traded up $0.02 during mid-day trading on Friday, reaching $1.33. The stock had a trading volume of 210 shares, compared to its average volume of 213,866. The firm has a market cap of $31.07 million, a price-to-earnings ratio of 2.60 and a beta of 0.75. SPAR Group has a 1-year low of $0.97 and a 1-year high of $3.12. The business’s fifty day moving average is $1.80 and its 200-day moving average is $2.07. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

About SPAR Group

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.