TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Up 826.2% in August

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large increase in short interest in 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. Based on an average daily volume of 13,431,868 shares, the short-interest ratio is presently 0.0 days. Currently, 18.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRUG. Wall Street Zen upgraded TruGolf to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, June 24th. One investment 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. According to data from MarketBeat, TruGolf presently has an average rating of “Hold”.

TruGolf Price Performance

TRUG opened at $0.65 on Friday. The firm has a 50-day moving average price of $0.92 and a 200-day moving average price of $2.52. TruGolf has a twelve month low of $0.36 and a twelve month high of $38.70. 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 company has a market capitalization of $1.26 million, a price-to-earnings ratio of -0.06 and a beta of -1.12.

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

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.