Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Short Interest Update

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 23,380 shares, a growth of 70.9% from the August 31st total of 13,681 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 28,175 shares, the days-to-cover ratio is presently 0.8 days.

Sparta Commercial Services Stock Performance

Shares of SRCO stock opened at $0.08 on Thursday. Sparta Commercial Services has a 12 month low of $0.06 and a 12 month high of $0.22. The stock has a market cap of $4.55 million, a P/E ratio of -1.33 and a beta of -0.05. The company has a 50 day simple moving average of $0.08 and a two-hundred day simple moving average of $0.08.

Sparta Commercial Services (OTCMKTS:SRCO) last issued its quarterly earnings results on Monday, September 21st. The financial services provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.05 million for the quarter.

About Sparta Commercial Services

Sparta Commercial Services, Inc is a specialty finance and business services company that has historically focused on the powersports industry, particularly motorcycle dealerships and their customers. Its activities have included providing financing solutions designed to support motorcycle purchases and dealership operations.

The company has also been associated with technology-based products and services for dealerships, including software and mobile applications intended to assist with inventory management, customer engagement, and business administration.