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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,681 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 23,888 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Sparta Commercial Services Stock Performance

Shares of OTCMKTS SRCO opened at $0.06 on Friday. The firm has a market cap of $3.37 million, a price-to-earnings ratio of -1.00 and a beta of 0.02. The business’s 50-day simple moving average is $0.08 and its 200-day simple moving average is $0.09. Sparta Commercial Services has a 52 week low of $0.06 and a 52 week high of $0.22.

Sparta Commercial Services (OTCMKTS:SRCO) last released its quarterly earnings results on Thursday, August 13th. The financial services provider reported ($0.03) EPS for the quarter. The firm had revenue of $0.06 million 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. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.