BGSF, Inc. (NYSE:BGSF) Short Interest Down 48.1% in May

BGSF, Inc. (NYSE:BGSF) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 30,494 shares, a decrease of 48.1% from the April 30th total of 58,709 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 15,541 shares, the days-to-cover ratio is currently 2.0 days.

BGSF Stock Performance

BGSF stock traded up $0.04 during mid-day trading on Monday, hitting $5.16. The company’s stock had a trading volume of 8,748 shares, compared to its average volume of 24,550. The company has a 50 day moving average of $5.78 and a 200-day moving average of $5.41. The stock has a market cap of $55.32 million, a PE ratio of -5.16 and a beta of 0.48. BGSF has a one year low of $3.25 and a one year high of $8.22.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.

Institutional Investors Weigh In On BGSF

A number of hedge funds have recently made changes to their positions in BGSF. Vise Technologies Inc. purchased a new stake in shares of BGSF during the 4th quarter worth $122,000. Ritholtz Wealth Management lifted its stake in shares of BGSF by 148.5% during the 4th quarter. Ritholtz Wealth Management now owns 26,267 shares of the company’s stock worth $122,000 after purchasing an additional 15,695 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after purchasing an additional 4,262 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of BGSF by 183.6% during the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after purchasing an additional 24,787 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of BGSF by 89.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after purchasing an additional 21,503 shares during the last quarter. 37.19% of the stock is currently owned by hedge funds and other institutional investors.

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.