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

SPAR Group, Inc. (NASDAQ:SGRP) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 182,100 shares, an increase of 51.5% from the January 31st total of 120,200 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 97,500 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of SPAR Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of SPAR Group by 35.0% during the 3rd quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after buying an additional 35,450 shares during the last quarter. Sage Investment Counsel LLC bought a new position in shares of SPAR Group during the fourth quarter worth approximately $29,000. Oddo BHF Asset Management Sas bought a new position in shares of SPAR Group during the third quarter worth approximately $81,000. Murchinson Ltd. bought a new stake in shares of SPAR Group during the 3rd quarter valued at approximately $196,000. Finally, Corsair Capital Management L.P. boosted its holdings in shares of SPAR Group by 3,205,200.0% during the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares in the last quarter. 9.57% of the stock is owned by institutional investors.

SPAR Group Stock Performance

SPAR Group stock traded down $0.00 on Tuesday, hitting $1.51. The company’s stock had a trading volume of 43,130 shares, compared to its average volume of 69,968. The firm has a market cap of $35.32 million, a P/E ratio of 2.95 and a beta of 0.68. The company has a fifty day moving average price of $1.88 and a 200-day moving average price of $2.10. SPAR Group has a one year low of $0.97 and a one year high of $3.12. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06.

About SPAR Group

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.