Short Interest Change: After Reaching Milestone, Is BG Staffing Incorporated Common (NYSEMKT:BGSF)’s Short Interest Revealing Something?

November 25, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Change: After Reaching Milestone, Is BG Staffing Incorporated Common (NYSEMKT:BGSF)’s Short Interest Revealing Something?

The stock of BG Staffing Incorporated Common (NYSEMKT:BGSF) registered an increase of 23.4% in short interest. BGSF’s total short interest was 63,800 shares in November as published by FINRA. Its up 23.4% from 51,700 shares, reported previously. With 46,900 shares average volume, it will take short sellers 1 days to cover their BGSF’s short positions. The short interest to BG Staffing Incorporated Common’s float is 0.89%. The stock increased 1.16% or $0.16 on November 25, hitting $13.95. About 17,585 shares traded hands. BG Staffing Inc (NYSEMKT:BGSF) has declined 4.90% since April 22, 2016 and is downtrending. It has underperformed by 10.31% the S&P500.

BG Staffing, Inc. is a well-known provider of temporary staffing services. The company has a market cap of $123.71 million. The Firm provides temporary workers to a range of clients that are seeking to match their workforce requirements to their business needs. It has a 18.84 P/E ratio. The Company’s clients operate across a diverse set of industries.

BG Staffing Inc (NYSEMKT:BGSF) Ratings Coverage

Out of 2 analysts covering BG Staffing (NYSEMKT:BGSF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. BG Staffing has been the topic of 2 analyst reports since December 1, 2015 according to StockzIntelligence Inc. On Tuesday, December 1 the stock rating was initiated by Roth Capital with “Buy”. TH Capital initiated it with “Buy” rating and $18 target price in Tuesday, December 1 report.

BGSF Company Profile

BG Staffing, Inc. (BG Staffing), incorporated on August 27, 2007, is a well-known provider of temporary staffing services. The Firm provides temporary workers to a range of clients that are seeking to match their workforce requirements to their business needs. The Company’s clients operate across a diverse set of industries. The Company’s activities are organized into three divisions: Commercial, Multifamily and Professional. The Company’s subsidiaries include BG Staffing, LLC, B G Staff Services, Inc., BG Personnel, LP, and BG Finance and Accounting, Inc.

More notable recent BG Staffing Inc (NYSEMKT:BGSF) news were published by: Prnewswire.com which released: “BG Staffing, Inc. Announces Q3 2016 Financial Results” on October 31, 2016, also Prnewswire.com with their article: “BG Staffing, Inc. Declares $0.25 per Share Cash Dividend” published on October 19, 2016, Prnewswire.com published: “BG Staffing, Inc. Announces Q2 2016 Financial Results” on August 01, 2016. More interesting news about BG Staffing Inc (NYSEMKT:BGSF) were released by: Quotes.Wsj.com and their article: “News BG Staffing Inc.BGSF” published on August 05, 2014 as well as Prnewswire.com‘s news article titled: “BG Staffing, Inc. Announces 2015 Financial Results” with publication date: March 07, 2016.

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By Adrian Mccoy


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