SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Up 383.4% in June

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a large 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 sold short. Based on an average daily volume of 86,456 shares, the days-to-cover ratio is presently 1.3 days.

Insider Activity

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the acquisition, the chief financial officer directly owned 133,000 shares of the company’s stock, valued at $85,120. This represents a 141.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 43.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SPAR Group in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

SPAR Group Trading Up 1.3%

NASDAQ SGRP traded up $0.01 on Friday, hitting $0.87. 30,561 shares of the stock were exchanged, compared to its average volume of 62,399. 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 52-week low of $0.50 and a 52-week high of $1.41. The firm has a market capitalization of $24.71 million, a P/E ratio of -0.84 and a beta of 0.21. The stock has a fifty day moving average price of $0.76 and a two-hundred day moving average price of $0.75.

SPAR Group Company Profile

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.