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

Posted by Trevor Kearing on Feb 13th, 2025

TruGolf Holdings, Inc. (NASDAQ:TRUG – Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 165,200 shares, a drop of 37.3% from the January 15th total of 263,500 shares. Based on an average daily trading volume, of 5,650,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TRUG shares. Maxim Group assumed coverage on TruGolf in a research note on Thursday, December 19th. They issued 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.

Get Our Latest Research Report on TruGolf

TruGolf Trading Up 5.3 %

TRUG stock opened at $0.39 on Thursday. TruGolf has a 1-year low of $0.35 and a 1-year high of $2.27. The business’s 50-day moving average price is $0.53 and its two-hundred day moving average price is $0.77.

Hedge Funds Weigh In On TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC bought a new stake in TruGolf Holdings, Inc. (NASDAQ:TRUG – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 25th largest holding. Clear Street Derivatives LLC owned about 0.23% of TruGolf as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.24% of the company’s stock.

About TruGolf

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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.