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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 34,800 shares, an increase of 27.5% from the January 31st total of 27,300 shares. Based on an average daily volume of 118,800 shares, the short-interest ratio is presently 0.3 days.

Sparta Commercial Services Stock Performance

Shares of SRCO traded down $0.01 during trading hours on Wednesday, hitting $0.29. The stock had a trading volume of 29,500 shares, compared to its average volume of 63,205. The firm has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.28. The firm has a market capitalization of $11.22 million, a price-to-earnings ratio of -9.50 and a beta of -1.04. Sparta Commercial Services has a fifty-two week low of $0.07 and a fifty-two week high of $0.45.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its quarterly earnings results on Monday, December 23rd. The financial services provider reported ($0.01) EPS 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.