BGSF, Inc. (NYSE:BGSF) Short Interest Up 12.8% in April

BGSF, Inc. (NYSE:BGSF) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 72,613 shares, an increase of 12.8% from the March 31st total of 64,347 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 20,663 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BGSF. Clear Harbor Asset Management LLC boosted its holdings in shares of BGSF by 16.1% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 63,157 shares of the company’s stock valued at $448,000 after buying an additional 8,764 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of BGSF during the 3rd quarter valued at $75,000. Vanguard Group Inc. boosted its holdings in shares of BGSF by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after buying an additional 10,546 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of BGSF by 37.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock valued at $648,000 after buying an additional 25,088 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of BGSF by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock valued at $521,000 after buying an additional 1,936 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

BGSF Trading Up 3.4%

Shares of BGSF stock opened at $5.74 on Friday. The company’s fifty day simple moving average is $6.16 and its two-hundred day simple moving average is $5.16. The company has a market cap of $64.53 million, a P/E ratio of -5.57 and a beta of 0.66. BGSF has a 12-month low of $3.15 and a 12-month high of $8.22.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $22.03 million for the quarter, compared to the consensus estimate of $22.95 million. BGSF had a negative net margin of 8.43% and a negative return on equity of 15.34%.

About BGSF

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.