Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Down 23.9% in August

Sacks Parente Golf, Inc. (NASDAQ:SPGC) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,900 shares, a decline of 23.9% from the August 15th total of 22,200 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.4 days.

Sacks Parente Golf Stock Up 4.3 %

Shares of Sacks Parente Golf stock traded up $0.12 during trading on Friday, reaching $2.90. The company’s stock had a trading volume of 13,152 shares, compared to its average volume of 15,770. Sacks Parente Golf has a 52 week low of $2.67 and a 52 week high of $16.90. The firm has a market cap of $4.23 million and a PE ratio of -7.84. The business’s 50-day moving average price is $3.93 and its 200-day moving average price is $4.87.

Sacks Parente Golf (NASDAQ:SPGC) last announced its earnings results 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). Sacks Parente Golf had a negative return on equity of 99.40% and a negative net margin of 391.56%. The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $0.71 million. Equities analysts predict 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.