TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Update

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 46,732 shares, a decrease of 54.4% from the July 15th total of 102,400 shares. Based on an average daily volume of 1,417,580 shares, the short-interest ratio is presently 0.0 days. Approximately 4.5% of the company’s stock are short sold.

TruGolf Price Performance

Shares of NASDAQ:TRUG opened at $0.97 on Friday. The company’s 50-day moving average is $1.23 and its 200 day moving average is $3.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.83 and a current ratio of 0.92. 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 fifty-two week low of $0.79 and a fifty-two week high of $46.50.

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 analysts’ consensus estimates of ($1.96) by $1.59. TruGolf had a negative net margin of 75.06% and a negative return on equity of 181.14%. The business had revenue of $5.79 million during the quarter, compared to the consensus estimate of $3.90 million.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRUG. Wall Street Zen upgraded shares of TruGolf from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. One 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’s stock. According to MarketBeat.com, the stock 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.