Short Interest in TruGolf Holdings, Inc. (NASDAQ:TRUG) Decreases By 64.4%

Posted by Tech Dows on Jan 14th, 2025

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

Analysts Set New Price Targets

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

Get Our Latest Stock Report on TRUG

TruGolf Price Performance

Shares of TRUG stock traded up $0.07 during trading hours on Tuesday, reaching $0.58. 607,292 shares of the company traded hands, compared to its average volume of 4,403,328. The firm has a 50-day moving average price of $0.53 and a 200 day moving average price of $0.86. TruGolf has a 12-month low of $0.35 and a 12-month high of $10.00. The company has a market cap of $6.90 million, a P/E ratio of -1.38 and a beta of -0.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC bought a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG – Free Report) during 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 approximately 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 25th biggest position. Clear Street Derivatives LLC owned 0.23% of TruGolf as of its most recent SEC filing. Institutional investors and hedge funds own 3.24% of the company’s stock.

TruGolf Company Profile

(Get Free Report)

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.