Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Shares Shorted: Short Interest Up 70.9% in September

Sparta Commercial Services, Inc. (OTCMKTS:SRCO – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 23,380 shares, a growth of 70.9% from the August 31st total of 13,681 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 28,175 shares, the short-interest ratio is currently 0.8 days.

Sparta Commercial Services Price Performance

SRCO stock opened at $0.08 on Friday. The company has a market cap of $4.55 million, a P/E ratio of -1.33 and a beta of -0.35. Sparta Commercial Services has a twelve month low of $0.06 and a twelve month high of $0.22. The business has a fifty day moving average of $0.08 and a 200-day moving average of $0.08.

Sparta Commercial Services (OTCMKTS:SRCO – Get Free Report) last posted its quarterly 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

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Sparta Commercial Services, Inc is a specialty finance and business services company that has historically focused on the powersports industry, particularly motorcycle dealerships and their customers. Its activities have included providing financing solutions designed to support motorcycle purchases and dealership operations.

The company has also been associated with technology-based products and services for dealerships, including software and mobile applications intended to assist with inventory management, customer engagement, and business administration.

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