SPAR Group, Inc. (NASDAQ:SGRP) Sees Large Increase in Short Interest

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) was the target of 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. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 86,456 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

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

Get SPAR Group alerts:

Check Out Our Latest Analysis on SGRP

SPAR Group Trading Down 1.6%

Shares of SPAR Group stock traded down $0.01 during trading hours on Monday, hitting $0.86. The company’s stock had a trading volume of 28,152 shares, compared to its average volume of 63,522. The stock has a market cap of $24.31 million, a price-to-earnings ratio of -0.83 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 twelve month low of $0.50 and a twelve month high of $1.41. The firm has a fifty day moving average of $0.76 and a 200-day moving average of $0.75.

Insider Activity

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $85,120. The trade was a 141.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 43.02% of the stock is owned by corporate insiders.

About SPAR Group

(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.

Featured Stories

• Five stocks we like better than SPAR Group
• The SK Hynix IPO and 2027’s AI Memory Squeeze
• Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
• Why Welltower’s Growth Story Might Outrun Its Rich Valuation
• One Short- and One Long-Term ETF for Quantum Computing Bulls

Receive News & Ratings for SPAR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPAR Group and related companies with MarketBeat.com's FREE daily email newsletter.