TruGolf Holdings, Inc. (NASDAQ:TRUG) Shares Shorted: Short Interest Up 92.6% in September

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 635,593 shares, a growth of 92.6% from the August 31st total of 330,020 shares. Approximately 35.1% of the company’s stock are short sold. Based on an average daily trading volume, of 65,059,358 shares, the days-to-cover ratio is currently 0.0 days.

TruGolf Stock Performance

Shares of NASDAQ TRUG traded down $0.14 during midday trading on Wednesday, reaching $2.83. The company’s stock had a trading volume of 206,874 shares, compared to its average volume of 631,030. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.74. The stock has a market capitalization of $5.42 million, a P/E ratio of -0.26 and a beta of -1.12. The firm has a 50 day moving average price of $7.17 and a 200-day moving average price of $18.82. TruGolf has a 12-month low of $2.50 and a 12-month high of $282.00.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($19.60) by $19.23. TruGolf had a negative return on equity of 132.15% and a negative net margin of 55.27%.The business had revenue of $5.79 million for the quarter, compared to analyst estimates of $3.90 million.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TRUG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a research report on Monday, September 21st. Wall Street Zen raised TruGolf to a “hold” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

TruGolf Company Profile

TruGolf Holdings, Inc develops and sells golf simulation technology for recreational, commercial and professional use. Its offerings combine golf simulation software with launch-monitor and tracking hardware, projection systems, screens, enclosures and related accessories designed to recreate on-course play in indoor settings.

The company’s product portfolio includes the E6 CONNECT golf simulation platform, which provides virtual courses, practice features and multiplayer experiences, as well as integrated simulator systems such as the Vista and Apex product lines.