Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Grows By 51.5%

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 182,100 shares, an increase of 51.5% from the January 31st total of 120,200 shares. Based on an average daily volume of 97,500 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SGRP. Sage Investment Counsel LLC purchased a new stake in SPAR Group in the 4th quarter valued at approximately $29,000. Northern Trust Corp acquired a new stake in shares of SPAR Group in the 4th quarter valued at approximately $39,000. Oddo BHF Asset Management Sas acquired a new stake in shares of SPAR Group in the 3rd quarter valued at approximately $81,000. Virtu Financial LLC purchased a new stake in shares of SPAR Group in the fourth quarter valued at approximately $105,000. Finally, Corsair Capital Management L.P. grew its holdings 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 acquiring an additional 64,104 shares during the period. 9.57% of the stock is owned by hedge funds and other institutional investors.

SPAR Group Stock Performance

Shares of SGRP opened at $1.57 on Monday. The stock has a market capitalization of $36.82 million, a P/E ratio of 3.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. SPAR Group has a 1 year low of $0.97 and a 1 year high of $3.12. The company’s fifty day moving average is $1.89 and its two-hundred day moving average is $2.10.

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.