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

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 330,020 shares, an increase of 826.2% from the August 15th total of 35,630 shares. Approximately 18.2% of the shares of the company are sold short. Based on an average trading volume of 13,431,868 shares, the days-to-cover ratio is presently 0.0 days.

TruGolf Stock Up 61.2%

TRUG stock traded up $0.23 during mid-day trading on Friday, hitting $0.60. 235,465,965 shares of the company were exchanged, compared to its average volume of 2,676,882. TruGolf has a twelve month low of $0.36 and a twelve month high of $38.70. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $2.53. The company has a market capitalization of $1.15 million, a PE ratio of -0.05 and a beta of -1.12.

TruGolf (NASDAQ:TRUG) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.96) by $1.59. TruGolf had a negative return on equity of 132.15% and a negative net margin of 55.27%.The company had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $3.90 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, June 24th. Wall Street Zen upgraded TruGolf to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TruGolf currently has an average rating of “Hold”.

About TruGolf

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.