Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Short Interest Down 18.4% in February

Sparta Commercial Services, Inc. (OTCMKTS:SRCO – Get Rating) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 18.4% from the February 13th total of 4,900 shares. Based on an average daily trading volume, of 53,100 shares, the days-to-cover ratio is presently 0.1 days.

Sparta Commercial Services Price Performance

SRCO opened at $0.18 on Tuesday. The company’s 50 day simple moving average is $0.19 and its two-hundred day simple moving average is $0.15. Sparta Commercial Services has a 1-year low of $0.07 and a 1-year high of $0.28. The firm has a market capitalization of $3.84 million, a price-to-earnings ratio of -0.62 and a beta of -0.38.

Sparta Commercial Services (OTCMKTS:SRCO – Get Rating) last released its earnings results on Tuesday, December 20th. The financial services provider reported ($0.22) earnings per share for the quarter. The business had revenue of $0.06 million for the quarter.

About Sparta Commercial Services

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Sparta Commercial Services, Inc provides mobile app tools, products and services. It also provides vehicle history reports and a municipal leasing program. The company offers mobile app development, sales, marketing and support and vehicle history reports. Its mobile application offers base beyond vehicle dealers to a wide range of businesses including, but not limited to, restaurants, hotels, and grocery stores.