SPAR Group Inc (NASDAQ:SGRP) Sees Large Increase in Short Interest

SPAR Group Inc (NASDAQ:SGRP) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 79,400 shares, a growth of 17.5% from the June 30th total of 67,600 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 32,400 shares, the short-interest ratio is currently 2.5 days.

In other SPAR Group news, major shareholder Robert G/ Brown sold 50,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $0.75, for a total value of $37,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 182,925 shares of company stock valued at $130,488 over the last quarter. 63.90% of the stock is currently owned by insiders.

Shares of SGRP stock traded down $0.04 on Wednesday, reaching $0.75. 78,400 shares of the stock were exchanged, compared to its average volume of 43,740. The stock has a market cap of $16.26 million, a PE ratio of 11.18 and a beta of 0.55. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $0.73. SPAR Group has a 1-year low of $0.45 and a 1-year high of $1.35.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Wednesday, May 15th. The business services provider reported $0.03 EPS for the quarter. The business had revenue of $57.16 million during the quarter. SPAR Group had a positive return on equity of 6.13% and a negative net margin of 0.46%.

About SPAR Group

SPAR Group, Inc, together with its subsidiaries, provides merchandising and marketing services worldwide. The company offers syndicated services, such as product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors.

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