Surge Component (OTCMKTS:SPRS) Sees Large Decline in Short Interest

Surge Component (OTCMKTS:SPRS) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 95 shares, a decline of 67.6% from the July 30th total of 293 shares. Based on an average daily volume of 5,308 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Surge Component Stock Up 4.8%

OTCMKTS SPRS opened at $4.14 on Friday. The company has a market capitalization of $24.14 million, a P/E ratio of 18.00 and a beta of 0.31. Surge Component has a 12-month low of $2.25 and a 12-month high of $4.30. The firm has a 50-day moving average price of $3.84 and a two-hundred day moving average price of $3.59.

Surge Component (OTCMKTS:SPRS) last announced its earnings results on Tuesday, July 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Surge Component had a net margin of 3.53% and a return on equity of 6.24%. The firm had revenue of $9.36 million for the quarter.

About Surge Component

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.