TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Up 60.2% in November

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 55,900 shares, an increase of 60.2% from the October 31st total of 34,900 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 146,600 shares, the days-to-cover ratio is presently 0.4 days.

TruGolf Stock Performance

NASDAQ TRUG opened at $0.55 on Friday. The business’s fifty day moving average is $0.72 and its 200-day moving average is $1.00. TruGolf has a one year low of $0.35 and a one year high of $11.82.

Institutional Trading of TruGolf

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC purchased a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) 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 largest holding. Clear Street Derivatives LLC owned 0.23% of TruGolf at the end of the most recent quarter. 3.24% of the stock is owned by institutional investors and hedge funds.

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.