SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Update

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 4,245 shares, a drop of 26.4% from the November 30th total of 5,766 shares. Based on an average trading volume of 75,939 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 75,939 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, SPAR Group currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other SPAR Group news, President William Linnane acquired 173,000 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was acquired at an average price of $1.02 per share, with a total value of $176,460.00. Following the transaction, the president owned 190,909 shares of the company’s stock, valued at approximately $194,727.18. This trade represents a 965.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 50.92% of the company’s stock.

SPAR Group Stock Performance

SGRP opened at $0.77 on Monday. The firm has a market capitalization of $18.39 million, a PE ratio of -10.97 and a beta of 0.09. The firm’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.04. SPAR Group has a twelve month low of $0.76 and a twelve month high of $2.10. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07.

SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13). The firm had revenue of $41.42 million during the quarter, compared to analysts’ expectations of $45.00 million. SPAR Group had a negative net margin of 9.52% and a negative return on equity of 34.89%. As a group, sell-side analysts expect that SPAR Group will post 0.09 EPS for the current fiscal year.

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.