Short Interest in Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Drops By 82.8%

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 1,100 shares, a drop of 82.8% from the November 30th total of 6,400 shares. Based on an average daily trading volume, of 83,800 shares, the short-interest ratio is presently 0.0 days.

Sparta Commercial Services Price Performance

Shares of OTCMKTS SRCO traded up $0.03 during mid-day trading on Friday, reaching $0.17. 3,341 shares of the company’s stock traded hands, compared to its average volume of 48,304. 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 $6.27 million, a P/E ratio of -4.25 and a beta of -0.90. The business has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.27.

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