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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 150,490 shares, an increase of 245.7% from the September 30th total of 43,526 shares. Based on an average daily volume of 450,292 shares, the short-interest ratio is currently 0.3 days. Approximately 83.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of TruGolf to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings upgraded TruGolf from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, October 20th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

TruGolf Stock Down 3.9%

Shares of NASDAQ TRUG opened at $0.74 on Friday. TruGolf has a 1 year low of $0.70 and a 1 year high of $224.00. The firm’s 50-day moving average is $3.50 and its 200-day moving average is $28.97. 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 market capitalization of $140,410.00, a PE ratio of -0.01 and a beta of -1.08.

TruGolf (NASDAQ:TRUG) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($19.60) by $19.23. The business 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 residential, commercial and institutional customers. The company combines golf simulator hardware, proprietary software and related accessories to recreate golf-course play in indoor environments.

Its product portfolio includes the E6 golf simulation software platform, simulator enclosures, launch-monitor and tracking technologies, hitting surfaces, projectors and other equipment. E6 provides access to simulated courses, practice facilities, game modes and analytical features designed for golfers and entertainment users.

TruGolf serves a range of customers, including individual golfers, golf facilities, entertainment venues, hospitality businesses, corporate organizations and other commercial operators.