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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 202,000 shares, a decline of 59.9% from the February 28th total of 503,700 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On 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 third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 biggest holding. Clear Street Derivatives LLC owned about 0.23% of TruGolf at the end of the most recent quarter. Institutional investors and hedge funds own 3.24% of the company’s stock.

Analysts Set New Price Targets

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

TruGolf Stock Down 6.3 %

TRUG opened at $0.37 on Friday. The company’s 50-day moving average price is $0.43 and its two-hundred day moving average price is $0.60. TruGolf has a twelve month low of $0.32 and a twelve month high of $1.86. The stock has a market cap of $4.34 million, a price-to-earnings ratio of -0.87 and a beta of -0.89.

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.