Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Update

Sacks Parente Golf, Inc. (NASDAQ:SPGC) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 85,500 shares, a decrease of 57.9% from the December 15th total of 203,100 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 0.1 days.

Sacks Parente Golf Price Performance

SPGC stock traded down $0.00 during midday trading on Tuesday, reaching $0.32. The company had a trading volume of 155,114 shares, compared to its average volume of 1,603,634. The firm has a 50-day moving average price of $1.08 and a 200-day moving average price of $2.64. The company has a market capitalization of $579,024.60, a P/E ratio of -0.09 and a beta of 3.94. Sacks Parente Golf has a 1 year low of $0.26 and a 1 year high of $9.17.

Insider Activity at Sacks Parente Golf

In other news, Director Brett Widney Hoge purchased 100,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $0.31 per share, with a total value of $31,000.00. Following the completion of the acquisition, the director now owns 186,014 shares in the company, valued at $57,664.34. This represents a 116.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have acquired 170,000 shares of company stock worth $64,530. 48.01% of the stock is owned by corporate insiders.

Sacks Parente Golf Company Profile

Sacks Parente Golf, Inc, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe.