TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Down 22.2% in August

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 70,800 shares, a drop of 22.2% from the August 15th total of 91,000 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is currently 5.2 days. Approximately 1.2% of the shares of the company are sold short.

TruGolf Price Performance

Shares of TRUG opened at $1.26 on Monday. TruGolf has a 1 year low of $0.93 and a 1 year high of $12.00. The company’s fifty day moving average is $1.14 and its two-hundred day moving average is $1.28.

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