Surge Component (OTCMKTS:SPRS) Shares Shorted: Short Interest Down 70.2% in October

Surge Component (OTCMKTS:SPRS) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 108 shares, a decrease of 70.2% from the September 30th total of 363 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 848 shares, the days-to-cover ratio is currently 0.1 days.

Surge Component Price Performance

Shares of OTCMKTS SPRS opened at $3.20 on Friday. Surge Component has a one year low of $2.70 and a one year high of $4.30. The firm’s 50 day simple moving average is $3.82 and its two-hundred day simple moving average is $3.61. The stock has a market capitalization of $18.69 million, a P/E ratio of 16.84 and a beta of 0.33.

Surge Component (OTCMKTS:SPRS) last announced its quarterly earnings data on Wednesday, October 14th. The company reported $0.04 earnings per share for the quarter. Surge Component had a net margin of 2.88% and a return on equity of 5.01%. The firm had revenue of $10.09 million during the quarter.

About Surge Component

Surge Components, Inc is an electronic components company that supplies products used in a variety of electronic and electrical applications. Its offerings include passive components such as capacitors, resistors and inductors, as well as circuit protection devices, switches, batteries, connectors, transformers and related products.

The company serves original equipment manufacturers, contract manufacturers, distributors and other commercial customers that require electronic components for the production and maintenance of electronic equipment.