Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Up 563.7% in December

Sacks Parente Golf, Inc. (NASDAQ:SPGC) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 203,100 shares, a growth of 563.7% from the November 30th total of 30,600 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 24.2% of the shares of the stock are sold short.

Sacks Parente Golf Trading Up 0.8 %

SPGC traded up $0.00 during midday trading on Friday, reaching $0.36. The company’s stock had a trading volume of 886,830 shares, compared to its average volume of 295,137. The stock’s 50-day moving average is $1.38 and its 200-day moving average is $3.02. Sacks Parente Golf has a 1 year low of $0.26 and a 1 year high of $9.17. The firm has a market capitalization of $662,838.00, a price-to-earnings ratio of -0.10 and a beta of 3.04.

Insider Buying and Selling 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. Insiders have acquired 145,000 shares of company stock worth $55,530 over the last ninety days. Insiders own 48.01% of the company’s stock.

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.