Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Expands By 383.4%

SPAR Group, Inc. (NASDAQ:SGRP) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 109,283 shares, an increase of 383.4% from the June 15th total of 22,605 shares. Based on an average daily volume of 86,456 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.7% of the company’s shares are short sold.

Insider Buying and Selling at SPAR Group

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the completion of the purchase, the chief financial officer owned 133,000 shares in the company, valued at approximately $85,120. This represents a 141.82% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 43.02% of the company’s stock.

SPAR Group Stock Performance

NASDAQ SGRP traded up $0.01 during trading hours on Friday, reaching $0.87. The stock had a trading volume of 30,561 shares, compared to its average volume of 62,399. The stock has a fifty day moving average of $0.76 and a 200 day moving average of $0.75. The stock has a market cap of $24.71 million, a P/E ratio of -0.84 and a beta of 0.21. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.88 and a current ratio of 0.88. SPAR Group has a 52-week low of $0.50 and a 52-week high of $1.41.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SPAR Group in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

SPAR Group Company Profile

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.