TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Update

Posted by James Quigley on Jan 14th, 2025

TruGolf Holdings, Inc. (NASDAQ:TRUG – Get Free Report) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 351,700 shares, a decrease of 64.4% from the December 15th total of 988,200 shares. Based on an average daily trading volume, of 5,190,000 shares, the short-interest ratio is currently 0.1 days. Currently, 6.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC purchased a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 25th biggest holding. Clear Street Derivatives LLC owned about 0.23% of TruGolf as of its most recent SEC filing. Institutional investors and hedge funds own 3.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group began coverage on shares of TruGolf in a research report on Thursday, December 19th. They set a “buy” rating and a $2.00 price target on the stock.

Check Out Our Latest Analysis on TruGolf

TruGolf Trading Down 11.1 %

TruGolf stock opened at $0.51 on Tuesday. The stock has a 50-day moving average price of $0.53 and a two-hundred day moving average price of $0.86. TruGolf has a 12 month low of $0.35 and a 12 month high of $10.00. The company has a market capitalization of $6.08 million, a PE ratio of -1.22 and a beta of -0.85.

About TruGolf

(Get Free Report)

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.