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

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 43,526 shares, a decline of 93.2% from the September 15th total of 635,593 shares. Based on an average trading volume of 3,007,012 shares, the days-to-cover ratio is presently 0.0 days. Currently, 24.0% of the shares of the stock are sold short.

TruGolf Stock Down 26.2%

Shares of NASDAQ:TRUG opened at $1.89 on Friday. The firm has a market cap of $359,100.00, a price-to-earnings ratio of -0.02 and a beta of -1.08. TruGolf has a 12-month low of $1.84 and a 12-month high of $268.00. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $5.75 and its two-hundred day moving average price is $15.79.

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

TruGolf News Roundup

Here are the key news stories impacting TruGolf this week:

• Positive Sentiment: TruGolf completed its acquisition of Polymath Research, bringing the Polymesh Layer-1 blockchain—designed for regulated assets and institutional tokenization—under the Nasdaq-listed company. The transaction could give TruGolf exposure to digital securities and blockchain infrastructure markets. Updated TruGolf Completes Acquisition of Polymath Research
• Positive Sentiment: A $2.95 million warrant exercise is expected to strengthen TruGolf’s cash position, potentially providing funding for operations and development of the Polymesh-related strategy. TruGolf Completes Acquisition of Polymath Research
• Positive Sentiment: The company announced a management reshuffle involving Natalie Hirsch. The company release identifies her as CFO and COO, while another report describes her as CEO and CFO, indicating an expanded leadership role during the transition. TruGolf Completes Polymath Acquisition

Analysts Set New Price Targets

A number of research firms recently commented on TRUG. Weiss Ratings lowered TruGolf from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, October 2nd. Wall Street Zen raised shares of TruGolf to a “hold” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.