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

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

Sacks Parente Golf Trading Up 13.3 %

NASDAQ SPGC traded up $0.05 during trading on Thursday, hitting $0.39. 1,026,862 shares of the company traded hands, compared to its average volume of 284,978. The company has a market capitalization of $707,575.00, a P/E ratio of -0.10 and a beta of 3.04. The business has a fifty day simple moving average of $1.45 and a 200 day simple moving average of $3.08. Sacks Parente Golf has a 12 month low of $0.26 and a 12 month high of $9.17.

Insider Activity at Sacks Parente Golf

In other news, Director Brett Widney Hoge bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $0.31 per share, with a total value of $31,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 111,000 shares of company stock worth $43,610 over the last ninety days. 48.01% of the stock is currently owned by corporate insiders.

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.