Sacks Parente Golf, Inc. (NASDAQ:SPGC – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 16,900 shares, a decrease of 23.9% from the August 15th total of 22,200 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 39,100 shares, the short-interest ratio is currently 0.4 days.
Sacks Parente Golf Trading Up 4.3 %
NASDAQ SPGC traded up $0.12 on Friday, hitting $2.90. 13,152 shares of the company’s stock were exchanged, compared to its average volume of 15,770. Sacks Parente Golf has a 52 week low of $2.67 and a 52 week high of $16.90. The stock has a 50-day moving average of $3.93 and a 200-day moving average of $4.87. The stock has a market cap of $4.23 million and a price-to-earnings ratio of -7.84.
Sacks Parente Golf (NASDAQ:SPGC – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.19). The business had revenue of $0.81 million during the quarter, compared to analyst estimates of $0.71 million. Sacks Parente Golf had a negative net margin of 391.56% and a negative return on equity of 99.40%. As a group, analysts predict that Sacks Parente Golf will post -2.96 earnings per share for the current year.
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.
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