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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 23,800 shares, a growth of 2,063.6% from the December 15th total of 1,100 shares. Based on an average trading volume of 132,500 shares, the short-interest ratio is presently 0.2 days.

Sparta Commercial Services Stock Down 10.6 %

Shares of SRCO stock traded down $0.02 during mid-day trading on Wednesday, reaching $0.15. 109,300 shares of the stock traded hands, compared to its average volume of 115,444. The company has a market cap of $5.69 million, a price-to-earnings ratio of -3.76 and a beta of -0.74. The stock’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.28. Sparta Commercial Services has a 1-year low of $0.07 and a 1-year high of $0.45.

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

Sparta Commercial Services Company Profile

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.