Short Interest in Sacks Parente Golf, Inc. (NASDAQ:SPGC) Declines By 18.3%

Sacks Parente Golf, Inc. (NASDAQ:SPGC) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 13,800 shares, a drop of 18.3% from the August 31st total of 16,900 shares. Based on an average trading volume of 39,900 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.1% of the company’s shares are short sold.

Sacks Parente Golf Stock Down 1.1 %

Sacks Parente Golf stock traded down $0.04 during mid-day trading on Friday, hitting $3.75. 10,642 shares of the stock were exchanged, compared to its average volume of 21,762. The stock has a market capitalization of $5.48 million and a price-to-earnings ratio of -10.13. Sacks Parente Golf has a 12 month low of $2.67 and a 12 month high of $13.00. The firm’s fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $4.67.

Sacks Parente Golf (NASDAQ:SPGC) last announced its earnings results on Monday, August 5th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.19). The firm had revenue of $0.81 million for the quarter, compared to the consensus estimate of $0.71 million. Sacks Parente Golf had a negative return on equity of 99.40% and a negative net margin of 391.56%. As a group, analysts forecast that Sacks Parente Golf will post -2.96 earnings per share for the current fiscal year.

About Sacks Parente Golf

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.