SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Down 16.2% in March

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 83,200 shares, a decrease of 16.2% from the March 15th total of 99,300 shares. Based on an average trading volume of 72,800 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On SPAR Group

Several hedge funds and other institutional investors have recently modified their holdings of SGRP. Sage Investment Counsel LLC bought a new stake in SPAR Group in the 4th quarter valued at about $29,000. Northern Trust Corp acquired a new stake in shares of SPAR Group in the fourth quarter valued at approximately $39,000. Oddo BHF Asset Management Sas bought a new stake in shares of SPAR Group during the third quarter valued at approximately $81,000. Virtu Financial LLC bought a new stake in shares of SPAR Group during the fourth quarter valued at approximately $105,000. Finally, Geode Capital Management LLC boosted its position in shares of SPAR Group by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 150,068 shares of the business services provider’s stock worth $291,000 after buying an additional 13,377 shares during the period. Institutional investors and hedge funds own 9.57% of the company’s stock.

SPAR Group Stock Performance

Shares of SGRP stock opened at $1.05 on Tuesday. The company has a market cap of $24.62 million, a P/E ratio of 2.06 and a beta of 0.47. The business has a 50 day moving average of $1.40 and a two-hundred day moving average of $1.87. SPAR Group has a 52 week low of $1.04 and a 52 week high of $3.12. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06.

About SPAR Group

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.