TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Down 64.4% in January

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 351,700 shares, a decrease of 64.4% from the December 31st total of 988,200 shares. Based on an average daily volume of 5,190,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.4% of the company’s stock are short sold.

Institutional Investors Weigh In On TruGolf

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC bought a new position in TruGolf Holdings, Inc. (NASDAQ:TRUG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up about 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRUG. Maxim Group began coverage on shares of TruGolf in a research report on Thursday, December 19th. They set a “buy” rating and a $2.00 price objective on the stock. Singular Research upgraded shares of TruGolf to a “moderate buy” rating in a research note on Monday.

TruGolf Stock Down 12.3 %

TRUG traded down $0.06 during midday trading on Tuesday, hitting $0.46. 550,386 shares of the company traded hands, compared to its average volume of 3,185,076. The company’s 50-day moving average is $0.54 and its 200 day moving average is $0.82. TruGolf has a 52 week low of $0.35 and a 52 week high of $8.39. The firm has a market capitalization of $5.46 million, a PE ratio of -1.12 and a beta of -0.85.

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.