Sacks Parente Golf, Inc. (NASDAQ:SPGC) Sees Large Decline in Short Interest

Sacks Parente Golf, Inc. (NASDAQ:SPGC) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 61,900 shares, a decline of 28.1% from the March 31st total of 86,100 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 63,600 shares, the short-interest ratio is currently 1.0 days.

Sacks Parente Golf Price Performance

Shares of SPGC stock traded up $0.01 during trading hours on Monday, reaching $0.43. 3,244 shares of the company were exchanged, compared to its average volume of 55,744. Sacks Parente Golf has a fifty-two week low of $0.36 and a fifty-two week high of $30.00. The stock’s fifty day moving average is $0.58 and its two-hundred day moving average is $0.67. The company has a market cap of $6.28 million and a price-to-earnings ratio of -1.16.

Sacks Parente Golf (NASDAQ:SPGC) last announced its quarterly earnings data on Monday, March 18th. The company reported ($0.14) EPS for the quarter. Sacks Parente Golf had a negative net margin of 1,325.21% and a negative return on equity of 236.79%. The firm had revenue of $0.12 million during the quarter.

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.