Short Interest in Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Grows By 2,063.6%

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

Sparta Commercial Services Trading Up 12.3 %

Shares of OTCMKTS:SRCO traded up $0.02 on Tuesday, reaching $0.19. 39,405 shares of the company were exchanged, compared to its average volume of 93,513. Sparta Commercial Services has a 1-year low of $0.07 and a 1-year high of $0.45. The firm has a market cap of $7.02 million, a price-to-earnings ratio of -6.18 and a beta of -0.74. The company has a 50-day moving average of $0.19 and a 200-day moving average of $0.28.

Sparta Commercial Services (OTCMKTS:SRCO) last issued its quarterly earnings data 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.