Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Down 57.9% in January

Posted by Jeff Wilder on Jan 31st, 2025

Sacks Parente Golf, Inc. (NASDAQ:SPGC – Get Free Report) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 85,500 shares, a drop of 57.9% from the December 31st total of 203,100 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 0.1 days.

Insider Buying and Selling

In other news, Director Brett Widney Hoge bought 100,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $0.31 per share, for a total transaction of $31,000.00. Following the purchase, the director now owns 186,014 shares in the company, valued at approximately $57,664.34. The trade was a 116.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have acquired 170,000 shares of company stock valued at $64,530. 8.37% of the stock is owned by insiders.

Sacks Parente Golf Stock Performance

Shares of Sacks Parente Golf stock traded down $0.22 on Friday, hitting $0.68. 4,104,963 shares of the company traded hands, compared to its average volume of 10,498,802. The stock has a market capitalization of $1.25 million, a P/E ratio of -0.18 and a beta of 3.94. Sacks Parente Golf has a 52 week low of $0.26 and a 52 week high of $9.17. The business has a 50-day simple moving average of $0.71 and a 200 day simple moving average of $2.24.

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.