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

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

Wall Street Analysts Forecast Growth

TRUG has been the subject of several research reports. Wall Street Zen upgraded TruGolf to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, TruGolf currently has an average rating of “Sell”.

TruGolf Stock Down 6.5%

TRUG opened at $0.27 on Tuesday. TruGolf has a 12 month low of $0.25 and a 12 month high of $28.20. The company has a market cap of $510,336.00, a PE ratio of -0.02 and a beta of -1.12. 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 company has a 50 day moving average of $0.74 and a 200 day moving average of $1.93.

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

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.