BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 30,494 shares, a decline of 48.1% from the April 30th total of 58,709 shares. Based on an average trading volume of 15,541 shares, the short-interest ratio is presently 2.0 days. Approximately 0.3% of the shares of the stock are short sold.

BGSF Price Performance

Shares of NYSE:BGSF traded up $0.02 during trading on Tuesday, reaching $5.11. The stock had a trading volume of 7,080 shares, compared to its average volume of 10,513. BGSF has a 52 week low of $3.25 and a 52 week high of $8.22. The business’s 50-day moving average price is $5.76 and its 200 day moving average price is $5.41. The stock has a market capitalization of $54.73 million, a PE ratio of -5.11 and a beta of 0.48.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). BGSF had a negative net margin of 11.98% and a negative return on equity of 18.91%.

Institutional Trading of BGSF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management increased its holdings in shares of BGSF by 148.5% in the fourth quarter. Ritholtz Wealth Management now owns 26,267 shares of the company’s stock valued at $122,000 after purchasing an additional 15,695 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of BGSF in the first quarter valued at approximately $215,000. Jane Street Group LLC increased its holdings in shares of BGSF by 183.6% in the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock valued at $177,000 after purchasing an additional 24,787 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of BGSF by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock valued at $521,000 after purchasing an additional 1,936 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of BGSF by 2.0% in the third quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after purchasing an additional 10,546 shares in the last quarter. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Company Profile

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.