SPAR Group, Inc. (NASDAQ:SGRP) Sees Significant Increase in Short Interest

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 72,639 shares, a growth of 180.0% from the March 31st total of 25,943 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 60,838 shares, the short-interest ratio is presently 1.2 days.

SPAR Group Trading Up 4.3%

NASDAQ:SGRP opened at $0.62 on Friday. The company has a 50-day moving average price of $0.69 and a 200-day moving average price of $0.83. SPAR Group has a 12 month low of $0.50 and a 12 month high of $1.41. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.06. The stock has a market cap of $14.98 million, a price-to-earnings ratio of -0.60 and a beta of 0.19.

SPAR Group (NASDAQ:SGRP) last posted its earnings results on Tuesday, March 31st. The business services provider reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.41). SPAR Group had a negative return on equity of 66.43% and a negative net margin of 18.09%.The company had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $40.00 million. During the same period in the prior year, the business posted ($0.24) earnings per share.

About SPAR Group

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.