Surge Component (OTCMKTS:SPRS) Shares Shorted: Short Interest Up 236.1% in September

Surge Component (OTCMKTS:SPRS) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 363 shares, an increase of 236.1% from the September 15th total of 108 shares. Based on an average daily trading volume, of 3,220 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Surge Component Stock Performance

Surge Component stock remained flat at $3.99 during mid-day trading on Tuesday. The company has a fifty day moving average price of $3.98 and a 200 day moving average price of $3.71. The firm has a market cap of $23.30 million, a PE ratio of 17.35 and a beta of 0.33. Surge Component has a 1-year low of $2.59 and a 1-year high of $4.30.

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

About Surge Component

Surge Components, Inc (OTCMKTS:SPRS) is a distributor of electronic components and related products. The company supplies components used in the manufacture, repair and maintenance of electronic equipment and electrical systems.

Its product offerings have included capacitors, resistors, inductors, circuit-protection devices, connectors, switches, relays, batteries, wire and cable, and other electromechanical components. Surge Components serves original equipment manufacturers, contract manufacturers, distributors and other commercial customers.

The company has historically operated in the electronic-component distribution industry and has served customers in the United States and international markets.