TruGolf Holdings, Inc. (NASDAQ:TRUG) Sees Large Increase in Short Interest

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 635,593 shares, an increase of 92.6% from the August 31st total of 330,020 shares. Approximately 35.1% of the shares of the stock are short sold. Based on an average trading volume of 65,059,358 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts have issued reports on TRUG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a research note on Monday, September 21st. Wall Street Zen upgraded shares of TruGolf to a “hold” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

TruGolf Price Performance

Shares of NASDAQ TRUG opened at $0.27 on Tuesday. The firm has a market capitalization of $510,336.00, a P/E ratio of -0.02 and a beta of -1.12. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $1.93. TruGolf has a twelve month low of $0.25 and a twelve month high of $28.20.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings results on Friday, August 14th. The company reported ($3.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($19.60) by $15.90. The firm had revenue of $5.79 million during the quarter, compared to the consensus estimate of $3.90 million. TruGolf had a negative return on equity of 132.15% and a negative net margin of 55.27%.

About TruGolf

TruGolf Holdings, Inc develops and sells golf simulation technology for recreational, commercial and professional use. Its offerings combine golf simulation software with launch-monitor and tracking hardware, projection systems, screens, enclosures and related accessories designed to recreate on-course play in indoor settings.

The company’s product portfolio includes the E6 CONNECT golf simulation platform, which provides virtual courses, practice features and multiplayer experiences, as well as integrated simulator systems such as the Vista and Apex product lines.