Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Up 563.7% in December

Posted by Patrick Bannon on Dec 28th, 2024

Sacks Parente Golf, Inc. (NASDAQ:SPGC – Get Free Report) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 203,100 shares, an increase of 563.7% from the November 30th total of 30,600 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is currently 0.2 days. Approximately 24.2% of the shares of the stock are short sold.

Sacks Parente Golf Price Performance

Shares of Sacks Parente Golf stock traded up $0.00 during trading hours on Friday, reaching $0.36. The company’s stock had a trading volume of 886,830 shares, compared to its average volume of 295,137. The firm has a 50 day moving average price of $1.38 and a 200-day moving average price of $3.02. The stock has a market cap of $662,838.00, a P/E ratio of -0.10 and a beta of 3.04. Sacks Parente Golf has a one year low of $0.26 and a one year high of $9.17.

Insider Activity at Sacks Parente Golf

In other news, Director Brett Widney Hoge acquired 100,000 shares of Sacks Parente Golf stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $0.31 per share, with a total value of $31,000.00. Following the purchase, the director now directly owns 186,014 shares in the company, valued at $57,664.34. The trade was a 116.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders bought 145,000 shares of company stock valued at $55,530. Insiders own 48.01% of the company’s stock.

Sacks Parente Golf Company Profile

(Get Free Report)

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.