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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the recipient of a large growth in short interest in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 23,888 shares, the days-to-cover ratio is currently 0.5 days.

Sparta Commercial Services Price Performance

OTCMKTS:SRCO opened at $0.06 on Friday. Sparta Commercial Services has a 12-month low of $0.06 and a 12-month high of $0.22. The firm has a market capitalization of $3.37 million, a PE ratio of -1.00 and a beta of 0.02. The firm has a 50-day moving average price of $0.08 and a 200 day moving average price of $0.09.

Sparta Commercial Services (OTCMKTS:SRCO) last issued its quarterly earnings data on Thursday, August 13th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million during 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. 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.