TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Down 54.4% in July

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 46,732 shares, a decline of 54.4% from the July 15th total of 102,400 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,417,580 shares, the short-interest ratio is currently 0.0 days.

TruGolf Stock Performance

Shares of NASDAQ TRUG traded up $0.10 during mid-day trading on Friday, hitting $0.97. The company had a trading volume of 412,888 shares, compared to its average volume of 872,466. TruGolf has a 12 month low of $0.79 and a 12 month high of $46.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $1.08 million, a P/E ratio of -0.00 and a beta of -1.07. The business’s 50-day simple moving average is $1.23 and its 200-day simple moving average is $3.49.

TruGolf (NASDAQ:TRUG) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($1.96) by $1.59. TruGolf had a negative return on equity of 181.14% and a negative net margin of 75.06%.The firm had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $3.90 million.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRUG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, June 24th. Wall Street Zen raised shares of TruGolf from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TruGolf presently has an average rating of “Hold”.

TruGolf Company Profile

TruGolf, Inc is a technology company specializing in golf simulation and indoor entertainment solutions. The company designs and manufactures advanced golf simulator hardware that captures swing data and ball flight metrics, allowing users to experience realistic play on virtual renditions of world-renowned golf courses. TruGolf’s integrated systems combine high-speed cameras, infrared sensors and proprietary software to deliver real-time feedback for both recreational and instructional purposes.

In addition to its hardware offerings, TruGolf develops immersive simulation software that features detailed 3D course graphics, customizable practice modes and multiplayer functionality.