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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 43,100 shares, a decline of 20.8% from the September 30th total of 54,400 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 15,100 shares, the short-interest ratio is currently 2.9 days.

TruGolf Stock Up 2.8 %

Shares of NASDAQ TRUG traded up $0.02 during trading hours on Friday, reaching $0.70. The stock had a trading volume of 25,601 shares, compared to its average volume of 383,855. The business’s fifty day moving average price is $1.03 and its two-hundred day moving average price is $1.18. TruGolf has a 52-week low of $0.60 and a 52-week high of $11.82.

TruGolf (NASDAQ:TRUG) last announced its quarterly earnings results on Tuesday, August 20th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $3.87 million during the quarter.

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.