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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large decrease in short interest in the month of 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 currently 0.0 days. Currently, 4.5% of the company’s stock are short sold.

TruGolf Stock Up 50.4%

Shares of NASDAQ TRUG traded up $0.49 during midday trading on Monday, reaching $1.46. 52,010,618 shares of the company’s stock were exchanged, compared to its average volume of 577,823. TruGolf has a 52-week low of $0.79 and a 52-week high of $46.50. The stock has a market capitalization of $1.62 million, a PE ratio of -0.01 and a beta of -1.07. 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 business’s fifty day moving average price is $1.23 and its two-hundred day moving average price is $3.46.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($1.96) by $1.59. TruGolf had a negative return on equity of 114.74% and a negative net margin of 55.27%.The firm had revenue of $5.79 million during the quarter, compared to the consensus estimate of $3.90 million.

Analyst Ratings Changes

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

About TruGolf

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.