Short Interest in SPAR Group, Inc. (NASDAQ:SGRP) Grows By 66.2%

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 40,670 shares, a growth of 66.2% from the February 12th total of 24,475 shares. Based on an average daily trading volume, of 15,289 shares, the short-interest ratio is currently 2.7 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 15,289 shares, the short-interest ratio is currently 2.7 days.

Insiders Place Their Bets

In other SPAR Group news, CFO Steven Michael Hennen bought 55,000 shares of SPAR Group stock in a transaction on Friday, December 19th. The stock was purchased at an average cost of $0.78 per share, for a total transaction of $42,900.00. Following the completion of the purchase, the chief financial officer directly owned 55,000 shares of the company’s stock, valued at $42,900. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 50.92% of the company’s stock.

SPAR Group Stock Up 1.9%

Shares of SPAR Group stock traded up $0.01 during midday trading on Friday, reaching $0.77. 77,107 shares of the company’s stock traded hands, compared to its average volume of 30,944. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20. SPAR Group has a 52 week low of $0.73 and a 52 week high of $1.60. The company’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.94. The company has a market cap of $18.36 million, a price-to-earnings ratio of -10.95 and a beta of 0.07.

About SPAR Group

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.