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

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,771 shares. Based on an average trading volume of 31,855 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Sparta Commercial Services Price Performance

Shares of OTCMKTS:SRCO opened at $0.06 on Friday. The company’s 50 day simple moving average is $0.07 and its 200 day simple moving average is $0.09. The stock has a market capitalization of $3.53 million, a price-to-earnings ratio of -1.03 and a beta of -0.35. Sparta Commercial Services has a 1 year low of $0.06 and a 1 year high of $0.18.

Sparta Commercial Services (OTCMKTS:SRCO) last announced its quarterly earnings data on Monday, September 21st. The financial services provider reported ($0.01) EPS for the quarter. The business had revenue of $0.05 million for the quarter.

Sparta Commercial Services Company Profile

Sparta Commercial Services, Inc is a specialty finance and technology company that has focused on serving the powersports industry. Its business activities have included financing programs for the purchase of pre-owned motorcycles and other recreational vehicles, generally working with dealers and their customers.

The company has also developed mobile technology products and services for businesses. These offerings have included mobile applications and related tools intended to help companies communicate with customers, promote products and services, and support mobile commerce and engagement.

Sparta Commercial Services has primarily served businesses and consumers in the United States, with an emphasis on motorcycle dealers, powersports retailers, and related markets.