Sparta Commercial Services, Inc. (OTCMKTS:SRCO – Get Rating) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 5,000 shares, a growth of 1,566.7% from the April 15th total of 300 shares. Based on an average trading volume of 77,500 shares, the days-to-cover ratio is presently 0.1 days.
Shares of OTCMKTS SRCO traded up $0.02 during midday trading on Wednesday, hitting $0.10. 61,502 shares of the company’s stock were exchanged, compared to its average volume of 46,233. Sparta Commercial Services has a 12 month low of $0.04 and a 12 month high of $0.28. The company’s 50 day moving average price is $0.17 and its 200 day moving average price is $0.12.
Sparta Commercial Services (OTCMKTS:SRCO – Get Rating) last issued its earnings results on Thursday, March 17th. The financial services provider reported ($0.02) EPS for the quarter. Sparta Commercial Services had a negative return on equity of 2.01% and a negative net margin of 2,012.23%. The business had revenue of $0.12 million for the quarter.
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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