Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Short Interest Up 27.5% in February

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 34,800 shares, an increase of 27.5% from the January 31st total of 27,300 shares. Based on an average trading volume of 118,800 shares, the days-to-cover ratio is currently 0.3 days.

Sparta Commercial Services Stock Performance

Shares of Sparta Commercial Services stock traded down $0.00 during trading on Thursday, hitting $0.28. The company’s stock had a trading volume of 25,000 shares, compared to its average volume of 62,395. Sparta Commercial Services has a 52 week low of $0.07 and a 52 week high of $0.45. The company has a market capitalization of $11.08 million, a PE ratio of -9.38 and a beta of -1.04. The company has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.28.

Sparta Commercial Services (OTCMKTS:SRCO) last announced its earnings results on Monday, December 23rd. The financial services provider reported ($0.01) earnings per share for 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.