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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 503,700 shares, an increase of 147.4% from the February 13th total of 203,600 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 6,980,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC purchased a new stake in TruGolf Holdings, Inc. (NASDAQ:TRUG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf accounts for 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 25th largest holding. Clear Street Derivatives LLC owned about 0.23% of TruGolf as of its most recent SEC filing. Institutional investors own 3.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TRUG shares. Maxim Group started coverage on TruGolf in a research report on Thursday, December 19th. They issued a “buy” rating and a $2.00 price target for the company. Singular Research raised TruGolf to a “moderate buy” rating in a research report on Monday, January 27th.

TruGolf Trading Up 1.6 %

NASDAQ TRUG traded up $0.01 on Friday, reaching $0.40. The company’s stock had a trading volume of 319,105 shares, compared to its average volume of 3,285,104. The firm has a market cap of $4.76 million, a PE ratio of -0.95 and a beta of -0.89. TruGolf has a 52 week low of $0.32 and a 52 week high of $2.27. The business has a 50-day moving average price of $0.48 and a 200 day moving average price of $0.65.

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.