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

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large decrease in short interest in 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 stock are sold short. Based on an average daily volume of 98,200 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On SPAR Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Sage Investment Counsel LLC purchased a new stake in SPAR Group during the 4th quarter valued at about $29,000. Northern Trust Corp purchased a new stake in SPAR Group during the 4th quarter valued at about $39,000. Oddo BHF Asset Management Sas purchased a new stake in SPAR Group during the 3rd quarter valued at about $81,000. Virtu Financial LLC purchased a new stake in SPAR Group during the 4th quarter valued at about $105,000. Finally, Corsair Capital Management L.P. boosted its holdings in SPAR Group by 3,205,200.0% during the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares during the period. 9.57% of the stock is currently owned by hedge funds and other institutional investors.

SPAR Group Price Performance

Shares of SGRP traded up $0.01 during midday trading on Friday, reaching $1.32. The stock had a trading volume of 61,680 shares, compared to its average volume of 214,959. The company’s 50-day moving average is $1.80 and its 200 day moving average is $2.07. SPAR Group has a 12-month low of $0.97 and a 12-month high of $3.12. 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 company has a market capitalization of $31.01 million, a price-to-earnings ratio of 2.59 and a beta of 0.75.

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.