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

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 42,687 shares, a drop of 41.2% from the April 15th total of 72,639 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 40,365 shares, the short-interest ratio is currently 1.1 days.

Insiders Place Their Bets

In related news, CFO Steven Michael Hennen purchased 78,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average price of $0.64 per share, with a total value of $49,920.00. Following the completion of the purchase, the chief financial officer directly owned 133,000 shares in the company, valued at approximately $85,120. This trade represents a 141.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 50.92% of the stock is currently owned by corporate insiders.

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SPAR Group Trading Up 2.0%

NASDAQ:SGRP traded up $0.01 during trading hours on Friday, reaching $0.68. 100,398 shares of the company were exchanged, compared to its average volume of 67,832. The company has a debt-to-equity ratio of 46.15, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a market cap of $16.96 million, a price-to-earnings ratio of -0.66 and a beta of 0.18. SPAR Group has a 52-week low of $0.50 and a 52-week high of $1.41. The stock has a 50 day simple moving average of $0.66 and a 200 day simple moving average of $0.80.

SPAR Group (NASDAQ:SGRP – Get Free Report) last posted its quarterly 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). The company had revenue of $22.02 million for the quarter, compared to analysts’ expectations of $40.00 million. SPAR Group had a negative return on equity of 107.74% and a negative net margin of 18.51%.During the same period in the prior year, the business earned ($0.24) EPS.

SPAR Group Company Profile

(Get Free Report)

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.

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