TruGolf Holdings, Inc. (NASDAQ:TRUG) Sees Significant Growth in Short Interest

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 93,300 shares, a growth of 57.3% from the September 30th total of 59,300 shares. Currently, 9.8% of the company’s stock are sold short. Based on an average daily trading volume, of 242,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 242,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 9.8% of the company’s stock are sold short.

TruGolf Stock Down 8.9%

NASDAQ TRUG opened at $2.04 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.16. The firm has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $6.62. TruGolf has a twelve month low of $2.00 and a twelve month high of $55.00. The stock has a market cap of $2.69 million, a PE ratio of -0.04 and a beta of -1.01.

TruGolf (NASDAQ:TRUG) last released its earnings results on Tuesday, August 19th. The company reported ($19.69) earnings per share for the quarter, missing the consensus estimate of ($2.50) by ($17.19). The company had revenue of $4.31 million for the quarter, compared to analyst estimates of $4.28 million. On average, research analysts forecast that TruGolf will post -0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Singular Research upgraded shares of TruGolf to a “moderate buy” rating in a report on Thursday, September 25th. Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of TruGolf to a “hold” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.00.

TruGolf Company Profile

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.