SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 69,000 shares, a growth of 684.1% from the March 31st total of 8,800 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 277,000 shares, the days-to-cover ratio is currently 0.2 days.
Insiders Place Their Bets
In related news, major shareholder Robert G/ Brown sold 50,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.35, for a total value of $67,500.00. Following the transaction, the insider now owns 3,257,963 shares in the company, valued at $4,398,250.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Spar Business Services Inc sold 150,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.38, for a total transaction of $207,000.00. Following the completion of the transaction, the insider now directly owns 1,065,538 shares of the company’s stock, valued at approximately $1,470,442.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Robert G/ Brown sold 50,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.35, for a total transaction of $67,500.00. Following the sale, the insider now owns 3,257,963 shares of the company’s stock, valued at $4,398,250.05. The disclosure for this sale can be found here. Insiders sold 200,943 shares of company stock worth $275,466 in the last quarter. 59.66% of the stock is currently owned by corporate insiders.
SPAR Group Stock Performance
Shares of SGRP traded down $0.16 during mid-day trading on Thursday, hitting $1.59. The stock had a trading volume of 146,857 shares, compared to its average volume of 231,588. The firm has a market cap of $38.51 million, a P/E ratio of 9.71 and a beta of 0.69. SPAR Group has a 52 week low of $0.70 and a 52 week high of $1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.57 and a quick ratio of 1.57. The business has a fifty day moving average price of $1.27 and a 200-day moving average price of $1.09.
SPAR Group Company Profile
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.
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