Newton Golf Company, Inc. (NASDAQ:NWTG) Short Interest Down 32.8% in April

Newton Golf Company, Inc. (NASDAQ:NWTG) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 41,132 shares, a decrease of 32.8% from the March 31st total of 61,176 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 41,186 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Newton Golf

Several hedge funds have recently modified their holdings of NWTG. DRW Securities LLC bought a new position in shares of Newton Golf in the 4th quarter valued at about $27,000. Virtu Financial LLC bought a new position in shares of Newton Golf in the 3rd quarter valued at about $28,000. Finally, Geode Capital Management LLC grew its holdings in shares of Newton Golf by 45.6% in the 4th quarter. Geode Capital Management LLC now owns 41,530 shares of the company’s stock valued at $62,000 after acquiring an additional 13,001 shares in the last quarter. Institutional investors own 0.49% of the company’s stock.

Newton Golf Price Performance

NWTG stock traded down $0.11 during trading hours on Thursday, reaching $1.20. 224,509 shares of the stock were exchanged, compared to its average volume of 34,167. The firm’s 50-day moving average is $1.47 and its 200-day moving average is $1.52. The company has a market cap of $5.51 million, a price-to-earnings ratio of -0.69 and a beta of 3.57. Newton Golf has a 12 month low of $0.82 and a 12 month high of $2.57.

Newton Golf Company Profile

Sacks Parente Golf, Inc (“SPG”) is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In April 2022, in consideration of our growth opportunities in shaft technologies, we expanded our manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. We intend to manufacture and assemble substantially all products in the United States.