SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Down 16.2% in March

SPAR Group, Inc. (NASDAQ:SGRP) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 83,200 shares, a drop of 16.2% from the March 15th total of 99,300 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 72,800 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sage Investment Counsel LLC acquired a new stake in shares of SPAR Group in the 4th quarter worth about $29,000. Northern Trust Corp purchased a new stake in shares of SPAR Group in the fourth quarter worth approximately $39,000. Oddo BHF Asset Management Sas purchased a new stake in shares of SPAR Group in the third quarter worth approximately $81,000. Virtu Financial LLC bought a new position in shares of SPAR Group in the fourth quarter valued at approximately $105,000. Finally, Geode Capital Management LLC boosted its position in shares of 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 valued at $335,000 after buying an additional 35,450 shares during the last quarter. 9.57% of the stock is currently owned by institutional investors and hedge funds.

SPAR Group Stock Performance

Shares of SGRP stock opened at $1.11 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $1.39 and a two-hundred day simple moving average of $1.87. SPAR Group has a 12 month low of $1.04 and a 12 month high of $3.12. The firm has a market capitalization of $26.03 million, a PE ratio of 2.18 and a beta of 0.47.

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.