Short Interest in Surge Component (OTCMKTS:SPRS) Declines By 75.8%

Surge Component (OTCMKTS:SPRSGet Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 23 shares, a decline of 75.8% from the August 15th total of 95 shares. Based on an average daily trading volume, of 4,824 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Surge Component Stock Down 3.8%

OTCMKTS SPRS traded down $0.15 on Friday, reaching $3.81. The company had a trading volume of 18,440 shares, compared to its average volume of 2,104. The stock has a market capitalization of $22.25 million, a PE ratio of 16.57 and a beta of 0.33. The firm’s 50 day moving average price is $3.92 and its 200 day moving average price is $3.64. Surge Component has a 12 month low of $2.49 and a 12 month high of $4.30.

Surge Component (OTCMKTS:SPRSGet Free Report) last released its quarterly earnings data on Tuesday, July 14th. The company reported $0.07 EPS for the quarter. The business had revenue of $9.36 million during the quarter. Surge Component had a net margin of 3.53% and a return on equity of 6.24%.

About Surge Component

(Get Free Report)

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. The company also provides resonators, alarms, chimes, filters, and discriminators, as well as fuses, printed circuit boards, and switches.

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