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

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

TruGolf Trading Up 11.3 %

Shares of TRUG stock traded up $0.05 during mid-day trading on Wednesday, reaching $0.52. The stock had a trading volume of 738,418 shares, compared to its average volume of 3,131,050. The firm has a market capitalization of $6.21 million, a PE ratio of -1.24 and a beta of -0.85. The stock’s 50-day moving average price is $0.54 and its two-hundred day moving average price is $0.82. TruGolf has a 52-week low of $0.35 and a 52-week high of $8.39.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRUG. Maxim Group initiated coverage on TruGolf in a research note on Thursday, December 19th. They issued a “buy” rating and a $2.00 target price for the company. Singular Research upgraded TruGolf to a “moderate buy” rating in a research report on Monday.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC acquired a new position in TruGolf Holdings, Inc. (NASDAQ:TRUG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises approximately 0.0% of Clear Street Derivatives LLC’s holdings, 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. 3.24% of the stock is owned by institutional investors and hedge funds.

About TruGolf

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.