Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Sees Significant Increase in Short Interest

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 7,771 shares, a growth of 180.4% from the October 15th total of 2,771 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 60,004 shares, the days-to-cover ratio is presently 0.1 days.

Sparta Commercial Services Stock Performance

SRCO opened at $0.06 on Friday. The stock’s 50 day simple moving average is $0.07 and its 200 day simple moving average is $0.09. Sparta Commercial Services has a 1 year low of $0.05 and a 1 year high of $0.18.

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

About Sparta Commercial Services

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.