TruGolf Holdings, Inc. (NASDAQ:TRUG) Stock Short Interest Climbs 245.7%

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 150,490 shares, an increase of 245.7% from the September 30th total of 43,526 shares. Approximately 83.1% of the shares of the company are sold short. Based on an average trading volume of 450,292 shares, the short-interest ratio is presently 0.3 days.

TruGolf Stock Performance

Shares of TruGolf stock traded down $0.05 on Thursday, reaching $0.75. 87,873 shares of the stock were exchanged, compared to its average volume of 631,880. The firm has a market capitalization of $143,260.00, a PE ratio of -0.01 and a beta of -1.08. TruGolf has a 1-year low of $0.70 and a 1-year high of $226.01. The business has a fifty day moving average price of $3.67 and a two-hundred day moving average price of $29.41. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62.

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

Analyst Upgrades and Downgrades

TRUG has been the topic of several analyst reports. Wall Street Zen upgraded TruGolf to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded TruGolf from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, TruGolf has an average rating of “Sell”.

About TruGolf

TruGolf Holdings, Inc develops and sells golf simulation technology for residential, commercial and institutional customers. The company combines golf simulator hardware, proprietary software and related accessories to recreate golf-course play in indoor environments.

Its product portfolio includes the E6 golf simulation software platform, simulator enclosures, launch-monitor and tracking technologies, hitting surfaces, projectors and other equipment. E6 provides access to simulated courses, practice facilities, game modes and analytical features designed for golfers and entertainment users.

TruGolf serves a range of customers, including individual golfers, golf facilities, entertainment venues, hospitality businesses, corporate organizations and other commercial operators.