Short Interest in Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Declines By 31.3%

Sparta Commercial Services, Inc. (OTCMKTS:SRCOGet Rating) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,100 shares, a decrease of 31.3% from the March 15th total of 1,600 shares. Based on an average daily volume of 77,000 shares, the days-to-cover ratio is currently 0.0 days.

SRCO stock opened at $0.17 on Friday. The company’s 50-day simple moving average is $0.17 and its 200 day simple moving average is $0.11. Sparta Commercial Services has a 52 week low of $0.02 and a 52 week high of $0.28.

Sparta Commercial Services (OTCMKTS:SRCOGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.12 million for the quarter. Sparta Commercial Services had a negative return on equity of 2.01% and a negative net margin of 2,012.23%.

About Sparta Commercial Services (Get Rating)

Sparta Commercial Services, Inc, a technology company, develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for agriculture dealerships, racetracks, private clubs, country clubs, restaurants, and grocery stores.

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