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 significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 23,800 shares, an increase of 2,063.6% from the December 15th total of 1,100 shares. Based on an average daily trading volume, of 132,500 shares, the days-to-cover ratio is currently 0.2 days.

Sparta Commercial Services Trading Up 5.0 %

SRCO traded up $0.01 on Wednesday, hitting $0.17. 261,553 shares of the company’s stock were exchanged, compared to its average volume of 123,094. The stock has a fifty day moving average of $0.21 and a two-hundred day moving average of $0.28. Sparta Commercial Services has a twelve month low of $0.07 and a twelve month high of $0.45. The firm has a market cap of $6.36 million, a PE ratio of -4.20 and a beta of -0.74.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its earnings results 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.