SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Down 41.2% in April

SPAR Group, Inc. (NASDAQ:SGRP) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 42,687 shares, a decline of 41.2% from the April 15th total of 72,639 shares. Based on an average trading volume of 40,365 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the shares of the company are short sold.

SPAR Group Stock Performance

Shares of NASDAQ SGRP traded down $0.02 during trading on Monday, reaching $0.65. 64,796 shares of the company traded hands, compared to its average volume of 45,197. The firm’s fifty day simple moving average is $0.66 and its 200 day simple moving average is $0.79. The stock has a market cap of $16.36 million, a P/E ratio of -0.63 and a beta of 0.18. 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 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.41). The company had revenue of $22.02 million for the quarter, compared to analysts’ expectations of $40.00 million. SPAR Group had a negative net margin of 18.51% and a negative return on equity of 107.74%. During the same quarter in the previous year, the business posted ($0.24) EPS.

Insider Buying and Selling

In related news, CFO Steven Michael Hennen acquired 78,000 shares of SPAR Group stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the purchase, the chief financial officer owned 133,000 shares of the company’s stock, valued at approximately $85,120. This represents a 141.82% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 50.92% of the company’s stock.

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.