Newton Golf Company, Inc. (NASDAQ:NWTG) Sees Large Increase in Short Interest

Newton Golf Company, Inc. (NASDAQ:NWTG – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 148,594 shares, a growth of 268.7% from the September 15th total of 40,300 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average daily volume of 141,030 shares, the short-interest ratio is currently 1.1 days.

Newton Golf Stock Performance

NASDAQ:NWTG traded up $0.06 during trading hours on Monday, reaching $1.14. The company’s stock had a trading volume of 85,216 shares, compared to its average volume of 205,213. Newton Golf has a 12 month low of $0.70 and a 12 month high of $1.94. The stock has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $1.14.

Newton Golf (NASDAQ:NWTG – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.49) earnings per share for the quarter. The company had revenue of $1.32 billion for the quarter. Newton Golf had a negative net margin of 124.42% and a negative return on equity of 476.84%. On average, sell-side analysts predict that Newton Golf will post -0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newton Golf in a report on Friday, September 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Newton Golf presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Newton Golf

Newton Golf Company Profile

(Get Free Report)

Newton Golf is a golf equipment company focused on the design, development and sale of golf shafts and related performance products. Its offerings are intended to support golfers seeking improvements in club performance, swing consistency and overall playability.

The company’s product portfolio includes the Newton Motion line of golf shafts, which incorporates proprietary design features intended to influence shaft loading, stability and energy transfer during the swing. Newton Golf markets its products to golfers, club fitters and golf equipment retailers.

Publicly available information about Newton Golf’s corporate history, leadership and geographic reach is limited.

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