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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 85,996 shares, an increase of 196.0% from the May 14th total of 29,055 shares. Based on an average daily trading volume, of 194,690 shares, the short-interest ratio is currently 0.4 days. Approximately 8.2% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of TruGolf from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

TruGolf Stock Down 3.2%

NASDAQ TRUG traded down $0.05 during trading hours on Friday, reaching $1.52. 26,622 shares of the company’s stock traded hands, compared to its average volume of 147,895. TruGolf has a 52-week low of $1.36 and a 52-week high of $112.00. The firm has a market cap of $1.69 million, a PE ratio of -0.01 and a beta of -1.13. The firm has a 50-day simple moving average of $2.28 and a 200 day simple moving average of $6.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.83.

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

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.