Short Interest in BGSF, Inc. (NYSE:BGSF) Drops By 12.6%

BGSF, Inc. (NYSE:BGSF) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 177,453 shares, a drop of 12.6% from the January 15th total of 203,044 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 32,123 shares, the days-to-cover ratio is currently 5.5 days. Based on an average trading volume of 32,123 shares, the days-to-cover ratio is currently 5.5 days. Approximately 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On BGSF

Institutional investors have recently bought and sold shares of the stock. Vise Technologies Inc. purchased a new stake in BGSF in the 4th quarter worth $122,000. Bridgeway Capital Management LLC increased its holdings in shares of BGSF by 37.9% in the third quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock worth $648,000 after purchasing an additional 25,088 shares during the last quarter. Jane Street Group LLC lifted its position in shares of BGSF by 183.6% in the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after buying an additional 24,787 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in BGSF by 89.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after buying an additional 21,503 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in BGSF by 148.5% during the 4th quarter. Ritholtz Wealth Management now owns 26,267 shares of the company’s stock valued at $122,000 after buying an additional 15,695 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

BGSF Trading Up 2.7%

NYSE:BGSF opened at $5.90 on Tuesday. The stock has a 50-day moving average price of $5.16 and a 200 day moving average price of $5.12. The stock has a market capitalization of $66.02 million, a P/E ratio of -5.72 and a beta of 0.73. BGSF has a 12-month low of $2.91 and a 12-month high of $8.22.

About BGSF

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.