TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Up 826.2% in August

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 330,020 shares, an increase of 826.2% from the August 15th total of 35,630 shares. Based on an average daily trading volume, of 13,431,868 shares, the days-to-cover ratio is currently 0.0 days. Currently, 18.2% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of TruGolf to a “hold” rating in a research report on Saturday, August 29th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

TruGolf Trading Down 6.8%

TRUG traded down $0.03 during midday trading on Thursday, reaching $0.37. 796,334 shares of the company were exchanged, compared to its average volume of 10,504,312. TruGolf has a one year low of $0.36 and a one year high of $38.70. The stock’s 50-day simple moving average is $0.94 and its 200 day simple moving average is $2.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.74.

TruGolf (NASDAQ:TRUG) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($1.96) by $1.59. The company had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $3.90 million. TruGolf had a negative return on equity of 132.15% and a negative net margin of 55.27%.

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.