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

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

Sacks Parente Golf Stock Down 1.1 %

Shares of NASDAQ SPGC opened at $3.75 on Monday. The stock has a market capitalization of $54.74 million and a P/E ratio of -10.14. The firm’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $4.64. Sacks Parente Golf has a 52-week low of $2.67 and a 52-week high of $13.00.

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

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.