TruGolf Holdings, Inc. (NASDAQ:TRUG – Get Free Report) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 450,292 shares, the short-interest ratio is presently 0.3 days. Currently, 83.1% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
TRUG has been the topic of several recent research reports. Wall Street Zen upgraded shares of TruGolf to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded TruGolf from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Analysis on TRUG
TruGolf Stock Down 0.4%
TRUG stock opened at $0.80 on Wednesday. TruGolf has a 12 month low of $0.70 and a 12 month high of $247.00. The firm’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $29.85.
TruGolf (NASDAQ:TRUG – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($19.60) by $19.23. The firm had revenue of $5.79 million during the quarter, compared to analyst estimates of $3.90 million.
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.
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