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

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

Insider Buying and Selling

In other Sacks Parente Golf news, Director Brett Widney Hoge acquired 100,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $0.31 per share, with a total value of $31,000.00. Following the purchase, the director now owns 186,014 shares of the company’s stock, valued at approximately $57,664.34. This trade represents a 116.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 170,000 shares of company stock valued at $64,530. Company insiders own 8.37% of the company’s stock.

Sacks Parente Golf Trading Down 24.1 %

NASDAQ SPGC traded down $0.22 during trading on Friday, hitting $0.68. The company had a trading volume of 4,104,963 shares, compared to its average volume of 10,498,802. Sacks Parente Golf has a one year low of $0.26 and a one year high of $9.17. The company has a market cap of $1.25 million, a price-to-earnings ratio of -0.18 and a beta of 3.94. The company’s fifty day moving average is $0.71 and its 200-day moving average is $2.24.

About Sacks Parente Golf

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.