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

Sacks Parente Golf, Inc. (NASDAQ:SPGC) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 85,500 shares, a decline of 57.9% from the December 15th total of 203,100 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Sacks Parente Golf

In other news, Director Brett Widney Hoge purchased 100,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $0.31 per share, for a total transaction of $31,000.00. Following the acquisition, the director now directly owns 186,014 shares of the company’s stock, valued at $57,664.34. This represents a 116.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders acquired 170,000 shares of company stock worth $64,530. 48.01% of the stock is currently owned by insiders.

Sacks Parente Golf Trading Down 1.0 %

Shares of SPGC stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.32. The stock had a trading volume of 155,114 shares, compared to its average volume of 1,603,634. The stock’s 50-day moving average price is $1.08 and its two-hundred day moving average price is $2.64. The firm has a market capitalization of $579,024.60, a PE ratio of -0.09 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.

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.