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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the recipient of a significant 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 daily volume of 132,500 shares, the short-interest ratio is currently 0.2 days.

Sparta Commercial Services Stock Performance

Shares of SRCO stock traded down $0.02 on Monday, reaching $0.13. The stock had a trading volume of 296,250 shares, compared to its average volume of 85,825. Sparta Commercial Services has a 1 year low of $0.07 and a 1 year high of $0.45. The stock has a market cap of $5.10 million, a P/E ratio of -3.37 and a beta of -0.74. The company has a 50 day simple moving average of $0.22 and a 200 day simple moving average of $0.28.

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