TruGolf Holdings, Inc. (NASDAQ:TRUG) Sees Significant Increase in Short Interest

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

TruGolf Price Performance

NASDAQ:TRUG traded down $0.01 during mid-day trading on Friday, reaching $0.54. The stock had a trading volume of 89,788 shares, compared to its average volume of 383,036. The business’s 50 day moving average is $0.71 and its 200 day moving average is $0.99. TruGolf has a fifty-two week low of $0.35 and a fifty-two week high of $11.82. The stock has a market cap of $6.46 million, a P/E ratio of -1.29 and a beta of -0.67.

Hedge Funds Weigh In On TruGolf

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC purchased a new stake in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises approximately 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 as of its most recent SEC filing. 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.