Short Interest in Surge Component (OTCMKTS:SPRS) Drops By 67.6%

Surge Component (OTCMKTS:SPRS) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 95 shares, a decrease of 67.6% from the July 30th total of 293 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,308 shares, the days-to-cover ratio is presently 0.0 days.

Surge Component Stock Performance

SPRS stock opened at $4.14 on Friday. The business’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $3.59. Surge Component has a 1-year low of $2.25 and a 1-year high of $4.30. The firm has a market capitalization of $24.18 million, a PE ratio of 18.00 and a beta of 0.31.

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

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.