Surge Components, Inc. (OTCMKTS:SPRS) Sees Large Increase in Short Interest

Surge Components, Inc. (OTCMKTS:SPRS) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,000 shares, an increase of 900.0% from the March 15th total of 100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,700 shares, the short-interest ratio is currently 0.2 days.

Surge Components Trading Down 5.5 %

SPRS traded down $0.12 during trading on Monday, hitting $2.08. 600 shares of the company’s stock traded hands, compared to its average volume of 3,984. Surge Components has a 12-month low of $1.94 and a 12-month high of $2.85. The company’s 50 day simple moving average is $2.29 and its two-hundred day simple moving average is $2.28. The stock has a market capitalization of $11.60 million, a price-to-earnings ratio of 23.11 and a beta of 0.56.

Surge Components (OTCMKTS:SPRS) last issued its earnings results on Monday, April 14th. The company reported $0.01 earnings per share for the quarter. Surge Components had a return on equity of 2.60% and a net margin of 1.61%.

About Surge Components

Surge Components, Inc, together with its subsidiaries, supplies electronic products and components. It offers capacitors, which are electrical energy storage devices; and discrete semiconductor components, such as rectifiers, transistors, diodes, circuit protection devices, and audible components comprising audible transducers, Piezo buzzers, speakers, and microphones.