TruGolf Holdings, Inc. (NASDAQ:TRUG) Sees Significant Increase in Short Interest

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 55,900 shares, an increase of 60.2% from the October 31st total of 34,900 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 146,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of 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) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 investment portfolio, making the stock its 25th largest position. Clear Street Derivatives LLC owned about 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 Price Performance

NASDAQ TRUG traded down $0.01 on Friday, hitting $0.54. 89,788 shares of the company were exchanged, compared to its average volume of 383,036. The company’s 50 day moving average price is $0.71 and its 200-day moving average price is $0.99. The firm has a market capitalization of $6.46 million, a P/E ratio of -1.29 and a beta of -0.67. TruGolf has a twelve month low of $0.35 and a twelve month high of $11.82.

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.