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

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 82,900 shares, an increase of 424.7% from the November 30th total of 15,800 shares. Based on an average daily trading volume, of 133,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Insider Buying and Selling at SPAR Group

In related news, major shareholder Robert G/ Brown sold 21,221 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $2.45, for a total value of $51,991.45. Following the completion of the sale, the insider now owns 2,476,378 shares of the company’s stock, valued at approximately $6,067,126.10. The trade was a 0.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 342,540 shares of company stock valued at $827,417. Company insiders own 59.66% of the company’s stock.

Hedge Funds Weigh In On SPAR Group

Large investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in SPAR Group in the second quarter valued at about $25,000. Acadian Asset Management LLC purchased a new stake in SPAR Group during the second quarter worth about $27,000. Dimensional Fund Advisors LP purchased a new position in shares of SPAR Group during the 2nd quarter valued at $68,000. Oddo BHF Asset Management Sas purchased a new position in SPAR Group in the 3rd quarter valued at approximately $81,000. Finally, Geode Capital Management LLC grew its stake in SPAR Group by 35.0% during the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 35,450 shares in the last quarter. 9.57% of the stock is currently owned by institutional investors and hedge funds.

SPAR Group Price Performance

Shares of SPAR Group stock traded up $0.01 during trading on Thursday, reaching $1.88. The company’s stock had a trading volume of 6,427 shares, compared to its average volume of 205,691. The stock has a market capitalization of $44.09 million, a P/E ratio of 3.69 and a beta of 0.67. SPAR Group has a one year low of $0.95 and a one year high of $3.12. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $2.17.

SPAR Group Company Profile

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.