BG Staffing Inc (BGSF) Sees Large Decrease in Short Interest

BG Staffing Inc (NYSEAMERICAN:BGSF) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 191,015 shares, a drop of 42.9% from the November 15th total of 334,332 shares. Based on an average daily trading volume, of 17,844 shares, the short-interest ratio is presently 10.7 days. Approximately 2.7% of the company’s shares are short sold.

Institutional investors and hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new stake in shares of BG Staffing during the second quarter valued at approximately $129,000. Royal Bank of Canada purchased a new stake in shares of BG Staffing during the second quarter valued at approximately $174,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of BG Staffing during the second quarter valued at approximately $192,000. California State Teachers Retirement System purchased a new stake in shares of BG Staffing during the second quarter valued at approximately $214,000. Finally, Teachers Advisors LLC purchased a new stake in shares of BG Staffing during the second quarter valued at approximately $233,000.

Separately, Zacks Investment Research lowered shares of BG Staffing from a “hold” rating to a “sell” rating in a report on Friday, November 3rd.

BG Staffing (NYSEAMERICAN BGSF) opened at $15.76 on Tuesday. BG Staffing has a 1-year low of $12.84 and a 1-year high of $18.84.

BG Staffing (NYSEAMERICAN:BGSF) last posted its quarterly earnings data on Monday, October 30th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $71.28 million for the quarter, compared to analysts’ expectations of $77.70 million. BG Staffing had a net margin of 3.32% and a return on equity of 22.69%.

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About BG Staffing

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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