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 in October. As of October 15th, there was short interest totaling 2,771 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 31,855 shares, the days-to-cover ratio is presently 0.1 days.

Sparta Commercial Services Stock Performance

SRCO opened at $0.06 on Friday. The firm’s fifty day moving average is $0.07 and its 200 day moving average is $0.09. Sparta Commercial Services has a fifty-two week low of $0.06 and a fifty-two week high of $0.18.

Sparta Commercial Services (OTCMKTS:SRCO) last released its earnings results on Monday, September 21st. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.05 million during the quarter.

Sparta Commercial Services Company Profile

Sparta Commercial Services, Inc is a specialty finance and technology company that has focused on serving the powersports industry. Its business activities have included financing programs for the purchase of pre-owned motorcycles and other recreational vehicles, generally working with dealers and their customers.

The company has also developed mobile technology products and services for businesses. These offerings have included mobile applications and related tools intended to help companies communicate with customers, promote products and services, and support mobile commerce and engagement.

Sparta Commercial Services has primarily served businesses and consumers in the United States, with an emphasis on motorcycle dealers, powersports retailers, and related markets.