TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Up 196.0% in May

TruGolf Holdings, Inc. (NASDAQ:TRUG – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 85,996 shares, a growth of 196.0% from the May 14th total of 29,055 shares. Approximately 8.2% of the shares of the company are sold short. Based on an average trading volume of 194,690 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of TruGolf from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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TruGolf Price Performance

NASDAQ TRUG opened at $1.57 on Friday. TruGolf has a 52 week low of $1.36 and a 52 week high of $115.00. The firm has a market capitalization of $1.74 million, a P/E ratio of -0.01 and a beta of -1.13. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $2.33 and a 200-day moving average price of $6.15.

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

TruGolf Company Profile

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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.

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