TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Update

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 85,996 shares, an increase of 196.0% from the May 14th total of 29,055 shares. Based on an average daily volume of 194,690 shares, the short-interest ratio is currently 0.4 days. Approximately 8.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of TruGolf from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TruGolf presently has an average rating of “Hold”.

TruGolf Stock Performance

TruGolf stock traded down $0.05 during mid-day trading on Friday, reaching $1.52. The company had a trading volume of 26,622 shares, compared to its average volume of 147,895. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.83. TruGolf has a 52 week low of $1.36 and a 52 week high of $112.00. The company has a 50 day moving average of $2.28 and a 200-day moving average of $6.11.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($2.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.49) by ($1.26). TruGolf had a negative net margin of 75.06% and a negative return on equity of 181.14%. The company had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.50 million.

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.