TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Up 196.0% in May

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 85,996 shares, a growth of 196.0% from the May 14th total of 29,055 shares. Currently, 8.2% of the shares of the company are short sold. Based on an average trading volume of 194,690 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of TruGolf from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TruGolf has a consensus rating of “Hold”.

TruGolf Stock Performance

TRUG stock opened at $1.57 on Friday. TruGolf has a 1-year low of $1.36 and a 1-year high of $115.00. 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 $1.74 million, a price-to-earnings ratio of -0.01 and a beta of -1.13. The business has a 50 day simple moving average of $2.33 and a two-hundred day simple moving average of $6.15.

TruGolf (NASDAQ:TRUG) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($2.75) earnings per share for the quarter, missing the consensus estimate of ($1.49) by ($1.26). TruGolf had a negative return on equity of 181.14% and a negative net margin of 75.06%.The business had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.50 million.

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.