Newton Golf Company, Inc. (NASDAQ:NWTG – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 148,594 shares, a growth of 268.7% from the September 15th total of 40,300 shares. Based on an average daily trading volume, of 141,030 shares, the short-interest ratio is presently 1.1 days. Approximately 3.5% of the company’s stock are sold short.
Newton Golf Stock Down 10.9%
NASDAQ NWTG traded down $0.12 during trading hours on Tuesday, hitting $1.02. 66,693 shares of the company were exchanged, compared to its average volume of 63,578. The company has a 50 day moving average of $1.20 and a two-hundred day moving average of $1.14. Newton Golf has a 52-week low of $0.70 and a 52-week high of $1.94. The firm has a market cap of $4.66 million, a price-to-earnings ratio of -0.53 and a beta of 2.47.
Newton Golf (NASDAQ:NWTG – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. Newton Golf had a negative net margin of 124.42% and a negative return on equity of 476.84%. The company had revenue of $1.32 billion during the quarter. On average, equities research analysts predict that Newton Golf will post -0.48 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Newton Golf
About Newton Golf
Newton Golf is a golf equipment company focused on the design, development and sale of golf shafts and related performance products. Its offerings are intended to support golfers seeking improvements in club performance, swing consistency and overall playability.
The company’s product portfolio includes the Newton Motion line of golf shafts, which incorporates proprietary design features intended to influence shaft loading, stability and energy transfer during the swing. Newton Golf markets its products to golfers, club fitters and golf equipment retailers.
Publicly available information about Newton Golf’s corporate history, leadership and geographic reach is limited.
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