Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Sees Significant Growth in Short Interest

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 14,000 shares, an increase of 112.1% from the August 31st total of 6,600 shares. Based on an average daily trading volume, of 96,900 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 96,900 shares, the days-to-cover ratio is presently 0.1 days.

Sparta Commercial Services Stock Performance

Sparta Commercial Services stock opened at $0.15 on Friday. The firm has a market cap of $6.21 million, a price-to-earnings ratio of -3.66 and a beta of -0.72. Sparta Commercial Services has a 1 year low of $0.07 and a 1 year high of $0.40. The firm’s 50 day moving average price is $0.11 and its two-hundred day moving average price is $0.14.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its quarterly earnings data on Friday, September 19th. The financial services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $0.10 million for the quarter.

About Sparta Commercial Services

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.