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) 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%.
ILLEGAL ACTIVITY NOTICE: “BG Staffing Inc (BGSF) Sees Large Decrease in Short Interest” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/12/bg-staffing-inc-bgsf-sees-large-decrease-in-short-interest.html.
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.
What are top analysts saying about BG Staffing Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BG Staffing Inc and related companies.