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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the target of a large decline in short interest during the month of 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 daily 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 sold short.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Singular Research raised shares of TruGolf to a “moderate buy” rating in a research report on Monday, January 27th. Maxim Group started coverage on TruGolf in a research report on Thursday, December 19th. They issued a “buy” rating and a $2.00 price target for the company.

Hedge Funds Weigh In On TruGolf

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC bought a new stake in TruGolf Holdings, Inc. (NASDAQ:TRUG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf accounts for approximately 0.0% of Clear Street Derivatives LLC’s holdings, making the stock its 25th largest position. Clear Street Derivatives LLC owned about 0.23% of TruGolf at the end of the most recent reporting period. 3.24% of the stock is owned by hedge funds and other institutional investors.

TruGolf Trading Up 0.4 %

NASDAQ:TRUG opened at $0.39 on Thursday. The firm has a market capitalization of $4.65 million, a PE ratio of -0.93 and a beta of -0.89. TruGolf has a 1 year low of $0.32 and a 1 year high of $1.86. The firm’s fifty day simple moving average is $0.44 and its 200 day simple moving average is $0.61.

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.