Newton Golf Company, Inc. (NASDAQ:NWTG) Stock Short Interest Report for October

Newton Golf Company, Inc. (NASDAQ:NWTG) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 74,765 shares, a decline of 49.7% from the September 30th total of 148,594 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 332,081 shares, the days-to-cover ratio is presently 0.2 days.

Newton Golf Price Performance

NWTG traded down $0.06 during trading hours on Friday, reaching $1.01. The company’s stock had a trading volume of 5,479 shares, compared to its average volume of 216,650. The stock has a market cap of $4.64 million, a PE ratio of -0.52 and a beta of 2.47. Newton Golf has a fifty-two week low of $0.70 and a fifty-two week high of $1.94. The business’s 50-day moving average is $1.12 and its 200-day moving average is $1.24.

Newton Golf (NASDAQ:NWTG) last posted its earnings results on Friday, August 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. Newton Golf had a negative return on equity of 476.84% and a negative net margin of 124.42%. The business had revenue of $1.32 billion for the quarter. Analysts expect that Newton Golf will post -0.48 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newton Golf in a research report on Friday, September 4th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Newton Golf Company Profile

Newton Golf Company, Inc develops and markets golf equipment and related technology under the Newton Golf brand. The company’s product portfolio is centered on golf shafts designed to support golfers’ performance, consistency and club-fitting needs.

Its offerings include the Newton Motion line of shafts for drivers, irons and putters, along with other golf equipment and accessories. The company sells its products through golf-industry distribution channels and directly to consumers, serving the golf market primarily in the United States.

Newton Golf is focused on applying product design and engineering to the development of performance-oriented golf equipment.