Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Update

Sacks Parente Golf, Inc. (NASDAQ:SPGC) saw a large decrease in short interest during 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. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.7% of the company’s stock are short sold.

Insider Buying and Selling at Sacks Parente Golf

In other Sacks Parente Golf news, Director Brett Widney Hoge bought 100,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $0.31 per share, for a total transaction of $31,000.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have bought 170,000 shares of company stock valued at $64,530. Insiders own 8.37% of the company’s stock.

Sacks Parente Golf Stock Up 55.3 %

Shares of Sacks Parente Golf stock traded up $0.21 during trading hours on Wednesday, hitting $0.59. The company’s stock had a trading volume of 50,163,726 shares, compared to its average volume of 4,142,150. Sacks Parente Golf has a 1-year low of $0.26 and a 1-year high of $9.17. The company has a market capitalization of $1.08 million, a PE ratio of -0.16 and a beta of 3.94. The business has a fifty day moving average of $0.75 and a 200 day moving average of $2.26.

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.