BGSF, Inc. (NYSE:BGSF) Short Interest Up 12.8% in April

BGSF, Inc. (NYSE:BGSF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 72,613 shares, an increase of 12.8% from the March 31st total of 64,347 shares. Based on an average trading volume of 20,663 shares, the days-to-cover ratio is presently 3.5 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On BGSF

Hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in shares of BGSF in the 3rd quarter worth $75,000. Vise Technologies Inc. purchased a new stake in shares of BGSF in the 4th quarter worth $122,000. Empowered Funds LLC lifted its holdings in shares of BGSF by 14.2% in the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after buying an additional 4,262 shares during the period. Jane Street Group LLC lifted its holdings in shares of BGSF by 183.6% in the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after buying an additional 24,787 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of BGSF by 89.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after buying an additional 21,503 shares during the period. 37.19% of the stock is currently owned by hedge funds and other institutional investors.

BGSF Price Performance

Shares of BGSF stock traded down $0.10 during mid-day trading on Friday, hitting $5.60. The stock had a trading volume of 17,140 shares, compared to its average volume of 16,331. BGSF has a 12-month low of $3.17 and a 12-month high of $8.22. The firm has a market capitalization of $62.91 million, a P/E ratio of -5.43 and a beta of 0.53. The firm’s 50-day moving average is $6.16 and its two-hundred day moving average is $5.16.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, March 11th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.07. BGSF had a negative return on equity of 15.34% and a negative net margin of 8.43%.The business had revenue of $22.03 million during the quarter, compared to analysts’ expectations of $22.95 million.

About BGSF

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.