TruGolf Holdings, Inc. (NASDAQ:TRUG) Stock Short Interest Report for October

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 150,490 shares, a growth of 245.7% from the September 30th total of 43,526 shares. Currently, 83.1% of the company’s stock are sold short. Based on an average daily volume of 450,292 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

TRUG has been the topic of a number of research reports. Wall Street Zen raised shares of TruGolf to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded shares of TruGolf from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

TruGolf Stock Performance

NASDAQ TRUG opened at $0.80 on Wednesday. The stock’s 50 day moving average price is $3.87 and its two-hundred day moving average price is $29.85. TruGolf has a 52 week low of $0.70 and a 52 week high of $247.00.

TruGolf (NASDAQ:TRUG) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($19.60) by $19.23. The business had revenue of $5.79 million for the quarter, compared to analyst estimates of $3.90 million.

About TruGolf

TruGolf, Inc develops and supplies golf simulation technology for residential, commercial, training and entertainment applications. The company combines golf simulator hardware, launch-monitor technology, software and related accessories to recreate golf play in indoor environments.

Its product portfolio includes simulator enclosures and systems, golf hitting and tracking equipment, and the E6 golf simulation software platform. E6 provides virtual golf courses, practice modes, game formats and online or multiplayer features designed for golfers, businesses, instructors and entertainment venues.

TruGolf serves customers through home-use systems as well as commercial installations, including golf facilities, hospitality businesses, entertainment venues and other organizations seeking indoor golf experiences.