SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 72,882 shares, a decline of 33.3% from the June 30th total of 109,283 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 44,232 shares, the days-to-cover ratio is currently 1.6 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SPAR Group in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SPAR Group presently has a consensus rating of “Sell”.
Get Our Latest Research Report on SGRP
SPAR Group Stock Up 9.1%
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.
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