TruGolf Holdings, Inc. (NASDAQ:TRUG) Sees Large Increase in Short Interest

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 342,100 shares, an increase of 69.4% from the March 15th total of 202,000 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 2,480,000 shares, the days-to-cover ratio is currently 0.1 days.

TruGolf Price Performance

TRUG stock opened at $0.26 on Friday. TruGolf has a 1 year low of $0.22 and a 1 year high of $1.75. The firm has a market capitalization of $3.03 million, a PE ratio of -0.61 and a beta of -0.74. The business has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.52.

TruGolf (NASDAQ:TRUG) last posted its earnings results on Tuesday, April 15th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.46). The business had revenue of $6.74 million for the quarter, compared to the consensus estimate of $6.22 million. On average, equities research analysts expect that TruGolf will post -0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Singular Research upgraded shares of TruGolf to a “moderate buy” rating in a research report on Monday, January 27th.

About TruGolf

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.