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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 23,800 shares, an increase 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 14.1 %

SRCO stock traded down $0.02 during mid-day trading on Monday, hitting $0.13. The company had a trading volume of 296,250 shares, compared to its average volume of 85,825. The company has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.28. Sparta Commercial Services has a 12-month low of $0.07 and a 12-month high of $0.45. The company has a market capitalization of $5.10 million, a price-to-earnings ratio of -3.37 and a beta of -0.74.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its 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.