Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Declines By 33.3%

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 72,882 shares, a drop of 33.3% from the June 30th total of 109,283 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 44,232 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SPAR Group in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

SPAR Group Stock Performance

NASDAQ SGRP opened at $0.55 on Friday. The company has a debt-to-equity ratio of 46.15, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $15.92 million, a price-to-earnings ratio of -0.53 and a beta of 0.21. The company’s fifty day moving average is $0.73 and its two-hundred day moving average is $0.72. SPAR Group has a 52-week low of $0.27 and a 52-week high of $1.41.

SPAR Group Company Profile

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big?box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.