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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 988,200 shares, a growth of 4,196.5% from the November 30th total of 23,000 shares. Based on an average daily volume of 3,830,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 18.0% of the company’s stock are sold short.

TruGolf Stock Up 40.6 %

TRUG traded up $0.18 during trading on Thursday, hitting $0.62. The company had a trading volume of 20,166,002 shares, compared to its average volume of 1,408,395. The firm’s 50-day moving average price is $0.54 and its 200 day moving average price is $0.90. The company has a market capitalization of $7.36 million, a PE ratio of -1.47 and a beta of -0.75. TruGolf has a one year low of $0.35 and a one year high of $11.82.

Institutional Trading of TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC acquired a new stake in TruGolf Holdings, Inc. (NASDAQ:TRUG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up approximately 0.0% of Clear Street Derivatives LLC’s 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.