Follow The Short Interest: Spar Group Incorporated (NASDAQ:SGRP) Reports Increase in Sellers; Strong Momentum for Short Players

November 15, 2016 - By Marie Mckinney   ·   0 Comments

Follow The Short Interest: Spar Group Incorporated (NASDAQ:SGRP) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Spar Group Incorporated (NASDAQ:SGRP) registered an increase of 70.71% in short interest. SGRP’s total short interest was 40,800 shares in November as published by FINRA. Its up 70.71% from 23,900 shares, reported previously. With 9,400 shares average volume, it will take short sellers 4 days to cover their SGRP’s short positions. The short interest to Spar Group Incorporated’s float is 0.6%. About 1,103 shares traded hands. SPAR Group Inc (NASDAQ:SGRP) has declined 4.76% since April 13, 2016 and is downtrending. It has underperformed by 8.69% the S&P500.

Spar Group, Inc. is an international merchandising and marketing services company. The company has a market cap of $20.42 million. The Firm provides its merchandising and other marketing services to manufacturers, distributors and retailers across the world, primarily in mass merchandisers, office supply, grocery, drug store, independent, convenience, toy, home improvement and electronics stores. It has a 22.58 P/E ratio. It operates through two divisions: the Domestic Division and the International Division.

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.83, from 0.17 in 2016Q1. The ratio increased, as 2 funds sold all SPAR Group Inc shares owned while 2 reduced positions. 3 funds bought stakes while 1 increased positions. They now own 1.34 million shares or 2.23% less from 1.37 million shares in 2016Q1.
Moreover, Blackrock Advisors Limited Co has 0% invested in SPAR Group Inc (NASDAQ:SGRP) for 3,165 shares. Westport Res holds 2,000 shares or 0% of its portfolio. Wells Fargo And Com Mn holds 0% or 102,000 shares in its portfolio. Ladenburg Thalmann Financial Serv Incorporated holds 0% of its portfolio in SPAR Group Inc (NASDAQ:SGRP) for 200 shares. Vanguard Group Inc has 59,752 shares for 0% of their US portfolio. Citadel Limited Liability holds 0% or 15,819 shares in its portfolio. Morgan Stanley last reported 295 shares in the company. Grt Cap Ptnrs Limited Liability Corporation has 37,169 shares for 0.01% of their US portfolio. Tortoise Management Ltd Company has 0% invested in the company for 1,200 shares. Geode Capital Mngmt Limited Liability Company has invested 0% of its portfolio in SPAR Group Inc (NASDAQ:SGRP). State Bank Of America Corp De has 3 shares for 0% of their US portfolio. Blackrock Fund Advisors accumulated 1,103 shares or 0% of the stock. Moreover, Rbf Cap Lc has 0.19% invested in SPAR Group Inc (NASDAQ:SGRP) for 907,290 shares. Blackrock Institutional Na holds 0% of its portfolio in SPAR Group Inc (NASDAQ:SGRP) for 1,079 shares.

SGRP Company Profile

Spar Group, Inc. (SGRP), incorporated on November 29, 1995, is an international merchandising and marketing services company. The Firm provides its merchandising and other marketing services to manufacturers, distributors and retailers across the world, primarily in mass merchandisers, office supply, grocery, drug store, independent, convenience, toy, home improvement and electronics stores. The Firm operates through two divisions: the Domestic Division and the International Division. The Domestic Division provides merchandising and marketing services, furniture and other product assembly services, audit services and technology services to manufacturers, distributors and retailers in the United States. Those services are primarily performed in mass merchandisers, office supply, grocery, drug store, dollar, home improvement, convenience, toy and electronics stores. The International Division provides merchandising, marketing services and in-store event staffing through subsidiaries in Japan, Canada, South Africa, India, China, Australia, Mexico and Turkey. It also provides furniture and other product assembly services in stores, homes and offices. The Firm operates in over nine countries, including the United States, Canada, Japan, South Africa, India, China, Australia, Mexico and Turkey.

More notable recent SPAR Group Inc (NASDAQ:SGRP) news were published by: Prnewswire.com which released: “SPAR Group® Discusses How Stores Can Thrive in the New Retail World on …” on February 18, 2016, also Globenewswire.com with their article: “SPAR Group to Announce Financial Results for the Second Quarter 2016” published on August 11, 2016, Globenewswire.com published: “SPAR Group Announces Departure of CEO at the End of July” on June 10, 2016. More interesting news about SPAR Group Inc (NASDAQ:SGRP) were released by: Globenewswire.com and their article: “SPAR Group Announces New Global Retail Insights Initiative and Leadership …” published on January 13, 2015 as well as Globenewswire.com‘s news article titled: “SPAR Group Announces Financial Results for the Three Months Ended March 31, 2015” with publication date: May 14, 2015.

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By Marie Mckinney


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