BGSF, Inc. (NYSE:BGSF) Short Interest Down 36.9% in August

Key Points

• BGSF, Inc. experienced a 36.9% drop in short interest in August, with total short shares decreasing from 64,300 to 40,600.
• The company's stock is currently rated as a "Buy"** with a consensus price target of $9.00,** reflecting positive sentiments from several analysts.
• Institutional investors now hold 37.19% of BGSF's stock,** with significant increases in holdings from multiple hedge funds this year.

BGSF, Inc. (NYSE:BGSF - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 40,600 shares, a decrease of 36.9% from the July 31st total of 64,300 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 108,300 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 108,300 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

BGSF Trading Down 0.0%

BGSF stock traded down $0.00 during midday trading on Thursday, hitting $6.43. The stock had a trading volume of 527,504 shares, compared to its average volume of 52,427. The firm has a market cap of $71.74 million, a PE ratio of -11.08 and a beta of 1.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.64. BGSF has a 12-month low of $2.91 and a 12-month high of $9.06. The company's 50-day moving average price is $6.29 and its 200 day moving average price is $4.87.

Hedge Funds Weigh In On BGSF

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company's stock valued at $1,657,000 after buying an additional 7,592 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of BGSF in the second quarter worth approximately $346,000. Bridge City Capital LLC grew its holdings in BGSF by 10.8% in the first quarter. Bridge City Capital LLC now owns 52,051 shares of the company's stock valued at $192,000 after purchasing an additional 5,055 shares during the period. Allworth Financial LP increased its position in BGSF by 98.0% during the first quarter. Allworth Financial LP now owns 39,400 shares of the company's stock worth $136,000 after purchasing an additional 19,500 shares during the last quarter. Finally, Northern Trust Corp raised its stake in BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company's stock worth $197,000 after purchasing an additional 11,483 shares during the period. 37.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of BGSF from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research upgraded BGSF to a "hold" rating in a research report on Wednesday, August 13th. Finally, Taglich Brothers upgraded BGSF from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $9.00.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.