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

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

Sacks Parente Golf Stock Performance

Shares of SPGC stock traded down $0.01 during trading hours on Friday, hitting $0.42. The company had a trading volume of 502 shares, compared to its average volume of 35,037. Sacks Parente Golf has a 12 month low of $0.36 and a 12 month high of $30.00. The firm’s fifty day moving average is $0.58 and its 200 day moving average is $0.68. The firm has a market capitalization of $6.09 million and a price-to-earnings ratio of -1.13.

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

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.