Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Sees Large Increase in Short Interest

by · The Cerbat Gem

Sparta Commercial Services, Inc. (OTCMKTS:SRCO – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 46,700 shares, a growth of 160.9% from the September 15th total of 17,900 shares. Based on an average daily volume of 74,600 shares, the days-to-cover ratio is presently 0.6 days.

Sparta Commercial Services Trading Down 4.6 %

Shares of SRCO traded down $0.02 during midday trading on Friday, reaching $0.31. 83,321 shares of the company were exchanged, compared to its average volume of 42,272. Sparta Commercial Services has a 1-year low of $0.05 and a 1-year high of $0.45. The company has a market cap of $11.18 million, a price-to-earnings ratio of -7.75 and a beta of -0.75. The stock has a 50-day moving average price of $0.37 and a 200-day moving average price of $0.22.

Sparta Commercial Services (OTCMKTS:SRCO – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported $0.02 earnings per share for the quarter. Sparta Commercial Services had a negative return on equity of 2.22% and a negative net margin of 811.63%. The company had revenue of $0.04 million for the quarter.

Sparta Commercial Services Company Profile

(Get Free Report)

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types.

Featured Stories