BGSF, Inc. (NYSE:BGSF) Short Interest Down 48.1% in May

BGSF, Inc. (NYSE:BGSF) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 30,494 shares, a decline of 48.1% from the April 30th total of 58,709 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 15,541 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of BGSF

Several hedge funds have recently modified their holdings of BGSF. Vise Technologies Inc. purchased a new stake in shares of BGSF during the 4th quarter worth approximately $122,000. Ritholtz Wealth Management raised its holdings in shares of BGSF by 148.5% during the 4th quarter. Ritholtz Wealth Management now owns 26,267 shares of the company’s stock worth $122,000 after acquiring an additional 15,695 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after acquiring an additional 4,262 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of BGSF by 183.6% during the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after acquiring an additional 24,787 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of BGSF by 89.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after acquiring an additional 21,503 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

BGSF Stock Up 0.8%

NYSE BGSF traded up $0.04 during trading hours on Monday, reaching $5.16. The company’s stock had a trading volume of 8,748 shares, compared to its average volume of 24,550. The firm’s 50-day moving average price is $5.78 and its 200-day moving average price is $5.41. BGSF has a 1 year low of $3.25 and a 1 year high of $8.22. The company has a market capitalization of $55.32 million, a price-to-earnings ratio of -5.16 and a beta of 0.48.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.