Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Short Interest Down 73.9% in October

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 12,000 shares, a decline of 73.9% from the October 15th total of 45,900 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is presently 0.8 days.

Sparta Commercial Services Price Performance

SRCO remained flat at $0.30 during trading on Wednesday. The business has a fifty day moving average price of $0.34 and a two-hundred day moving average price of $0.25. Sparta Commercial Services has a one year low of $0.07 and a one year high of $0.45. The stock has a market cap of $10.86 million, a P/E ratio of -7.50 and a beta of -0.69.

Sparta Commercial Services (OTCMKTS:SRCO) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported $0.02 earnings per share for the quarter. The business had revenue of $0.04 million for the quarter.

Sparta Commercial Services Company Profile

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.