SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Up 180.0% in April

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 72,639 shares, a growth of 180.0% from the March 31st total of 25,943 shares. Based on an average trading volume of 60,838 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the company’s shares are short sold.

SPAR Group Price Performance

Shares of SPAR Group stock opened at $0.62 on Monday. SPAR Group has a twelve month low of $0.50 and a twelve month high of $1.41. The stock has a market capitalization of $14.98 million, a P/E ratio of -0.60 and a beta of 0.19. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.06. The business’s fifty day moving average price is $0.69 and its 200 day moving average price is $0.83.

SPAR Group (NASDAQ:SGRP) last issued its earnings results on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.41). SPAR Group had a negative net margin of 18.09% and a negative return on equity of 66.43%. The firm had revenue of $22.02 million during the quarter, compared to analyst estimates of $40.00 million. During the same quarter in the previous year, the business posted ($0.24) EPS.

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.