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

SPAR Group, Inc. (NASDAQ:SGRP) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 120,200 shares, a growth of 27.2% from the January 15th total of 94,500 shares. Based on an average daily volume of 103,400 shares, the short-interest ratio is presently 1.2 days. Approximately 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPAR Group

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of SPAR Group by 6.3% in the 4th quarter. Renaissance Technologies LLC now owns 231,794 shares of the business services provider’s stock worth $450,000 after purchasing an additional 13,794 shares during the period. Geode Capital Management LLC grew its stake in SPAR Group by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 150,068 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 13,377 shares in the last quarter. Murchinson Ltd. acquired a new stake in SPAR Group during the 3rd quarter valued at approximately $196,000. Corsair Capital Management L.P. grew its stake 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 purchasing an additional 64,104 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of SPAR Group in the 4th quarter worth approximately $105,000. 9.57% of the stock is currently owned by hedge funds and other institutional investors.

SPAR Group Price Performance

SPAR Group stock traded down $0.03 during trading hours on Friday, hitting $1.95. The stock had a trading volume of 84,860 shares, compared to its average volume of 70,199. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77. SPAR Group has a 1-year low of $0.97 and a 1-year high of $3.12. The stock’s fifty day moving average is $1.92 and its two-hundred day moving average is $2.11. The stock has a market capitalization of $45.73 million, a price-to-earnings ratio of 3.82 and a beta of 0.68.

SPAR Group Company Profile

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.