Short Interest in Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Declines By 67.2%

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,400 shares, a drop of 67.2% from the February 13th total of 34,800 shares. Based on an average daily volume of 48,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Sparta Commercial Services Stock Up 1.3 %

Sparta Commercial Services stock opened at $0.28 on Thursday. The company’s 50-day moving average price is $0.23 and its 200-day moving average price is $0.27. The company has a market cap of $11.08 million, a PE ratio of -9.33 and a beta of -1.03. Sparta Commercial Services has a twelve month low of $0.07 and a twelve month high of $0.45.

Sparta Commercial Services (OTCMKTS:SRCO) last issued its quarterly earnings data on Monday, December 23rd. The financial services provider reported ($0.01) earnings per share (EPS) 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.