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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 330,020 shares, a growth 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 currently 0.0 days. Approximately 18.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several analysts have recently commented on TRUG shares. Wall Street Zen upgraded TruGolf to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

TruGolf Price Performance

Shares of TruGolf stock traded down $0.03 during midday trading on Thursday, reaching $0.37. The company had a trading volume of 796,334 shares, compared to its average volume of 10,504,312. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 0.84. The stock has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $2.53. TruGolf has a 1-year low of $0.36 and a 1-year high of $38.70.

TruGolf (NASDAQ:TRUG) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.96) by $1.59. The firm had revenue of $5.79 million for 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%.

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.