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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 1,417,580 shares, the short-interest ratio is presently 0.0 days. Approximately 4.5% of the shares of the company are short sold.

TruGolf Price Performance

Shares of TRUG traded up $0.10 during mid-day trading on Friday, reaching $0.97. The company had a trading volume of 412,888 shares, compared to its average volume of 872,466. 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 company has a market capitalization of $1.08 million, a P/E ratio of -0.00 and a beta of -1.07. TruGolf has a twelve month low of $0.79 and a twelve month high of $46.50. The company’s 50-day moving average is $1.23 and its 200-day moving average is $3.49.

TruGolf (NASDAQ:TRUG) last announced 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 business had revenue of $5.79 million for the quarter, compared to analyst estimates of $3.90 million.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of TruGolf from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TruGolf currently has a consensus 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.