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

SPAR Group, Inc. (NASDAQ:SGRP) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 97,900 shares, a drop of 46.2% from the February 13th total of 182,100 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 98,200 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On SPAR Group

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

SPAR Group Stock Up 1.0 %

NASDAQ:SGRP traded up $0.01 during trading hours on Friday, reaching $1.32. 61,680 shares of the company traded hands, compared to its average volume of 215,760. 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 business’s 50-day moving average price is $1.79 and its two-hundred day moving average price is $2.08. SPAR Group has a 1 year low of $0.97 and a 1 year high of $3.12. The stock has a market capitalization of $31.01 million, a P/E ratio of 2.59 and a beta of 0.75.

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.