Sacks Parente Golf, Inc. (NASDAQ:SPGC) Short Interest Up 177.2% in October

Sacks Parente Golf, Inc. (NASDAQ:SPGC) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 35,200 shares, a growth of 177.2% from the October 15th total of 12,700 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average trading volume of 82,200 shares, the short-interest ratio is currently 0.4 days.

Sacks Parente Golf Stock Down 1.2 %

Shares of NASDAQ SPGC traded down $0.02 during trading hours on Friday, hitting $1.66. The company had a trading volume of 11,753 shares, compared to its average volume of 40,572. Sacks Parente Golf has a 1-year low of $1.52 and a 1-year high of $9.17. The firm’s 50 day moving average is $2.51 and its 200-day moving average is $3.88. The stock has a market capitalization of $3.19 million, a P/E ratio of -0.43 and a beta of 3.15.

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.