Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Decreases By 33.3%

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 72,882 shares, a decline of 33.3% from the June 30th total of 109,283 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 44,232 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SPAR Group in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SPAR Group presently has a consensus rating of “Sell”.

SPAR Group Price Performance

Shares of SPAR Group stock opened at $0.55 on Friday. The firm has a market cap of $15.92 million, a P/E ratio of -0.53 and a beta of 0.21. The firm’s 50-day simple moving average is $0.73 and its 200-day simple moving average is $0.72. SPAR Group has a twelve month low of $0.27 and a twelve month high of $1.41. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.88 and a current ratio of 0.88.

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.