Sacks Parente Golf, Inc. (NASDAQ:SPGC) Sees Large Decline in Short Interest

Sacks Parente Golf, Inc. (NASDAQ:SPGC) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 61,900 shares, a decrease of 28.1% from the March 31st total of 86,100 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 63,600 shares, the short-interest ratio is currently 1.0 days.

Sacks Parente Golf Trading Down 1.9 %

SPGC stock traded down $0.01 during mid-day trading on Friday, hitting $0.42. 502 shares of the company were exchanged, compared to its average volume of 35,037. The company has a market capitalization of $6.09 million and a PE ratio of -1.13. The firm has a fifty day simple moving average of $0.58 and a 200 day simple moving average of $0.68. Sacks Parente Golf has a twelve month low of $0.36 and a twelve month high of $30.00.

Sacks Parente Golf (NASDAQ:SPGC) last announced its quarterly earnings data on Monday, March 18th. The company reported ($0.14) earnings per share for the quarter. Sacks Parente Golf had a negative net margin of 1,325.21% and a negative return on equity of 236.79%. The firm had revenue of $0.12 million during the quarter.

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.