Short Interest in Surge Component (OTCMKTS:SPRS) Declines By 75.8%

Surge Component (OTCMKTS:SPRS) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 23 shares, a drop of 75.8% from the August 15th total of 95 shares. Based on an average trading volume of 4,824 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Surge Component Price Performance

Shares of OTCMKTS SPRS opened at $3.81 on Friday. Surge Component has a 1-year low of $2.49 and a 1-year high of $4.30. The business has a fifty day moving average price of $3.92 and a 200 day moving average price of $3.64. The stock has a market capitalization of $22.25 million, a P/E ratio of 16.57 and a beta of 0.33.

Surge Component (OTCMKTS:SPRS) last posted its earnings results on Tuesday, July 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $9.36 million for the quarter. Surge Component had a return on equity of 6.24% and a net margin of 3.53%.

About Surge Component

Surge Components, Inc, together with its subsidiaries, supplies electronic products and components. It offers capacitors, which are electrical energy storage devices; and discrete semiconductor components, such as rectifiers, transistors, diodes, circuit protection devices, and audible components comprising audible transducers, Piezo buzzers, speakers, and microphones. The company also provides resonators, alarms, chimes, filters, and discriminators, as well as fuses, printed circuit boards, and switches.