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

Sacks Parente Golf, Inc. (NASDAQ:SPGC) saw a large increase in short interest in 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. Currently, 24.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is currently 0.2 days.

Insider Transactions at Sacks Parente Golf

In other news, Director Brett Widney Hoge purchased 100,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $0.31 per share, for a total transaction of $31,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 145,000 shares of company stock valued at $55,530 in the last quarter. 48.01% of the stock is currently owned by company insiders.

Sacks Parente Golf Trading Down 2.2 %

Shares of SPGC traded down $0.01 on Friday, reaching $0.35. The company’s stock had a trading volume of 611,481 shares, compared to its average volume of 293,763. Sacks Parente Golf has a twelve month low of $0.26 and a twelve month high of $9.17. The stock has a market capitalization of $642,934.60, a PE ratio of -0.09 and a beta of 3.04. The firm has a fifty day moving average of $1.42 and a 200-day moving average of $3.06.

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.