Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Down 71.5% in June

Sacks Parente Golf, Inc. (NASDAQ:SPGC) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 63,500 shares, a drop of 71.5% from the May 31st total of 222,600 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 163,700 shares, the short-interest ratio is currently 0.4 days.

Sacks Parente Golf Stock Performance

NASDAQ SPGC traded up $0.01 on Friday, reaching $0.53. The stock had a trading volume of 87,629 shares, compared to its average volume of 120,037. The business has a 50 day moving average price of $0.50 and a 200 day moving average price of $0.59. Sacks Parente Golf has a 1 year low of $0.36 and a 1 year high of $30.00.

Sacks Parente Golf (NASDAQ:SPGC) last issued its earnings results on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter. Sacks Parente Golf had a negative net margin of 804.76% and a negative return on equity of 130.52%. The firm had revenue of $0.35 million during the quarter. Analysts anticipate that Sacks Parente Golf will post -0.23 earnings per share for the current fiscal year.

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.