TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Down 59.9% in March

Posted by Nicole Kennedy on Mar 29th, 2025

TruGolf Holdings, Inc. (NASDAQ:TRUG – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 202,000 shares, a drop of 59.9% from the February 28th total of 503,700 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.0% of the shares of the stock are sold short.

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 its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 25th largest position. Clear Street Derivatives LLC owned 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.

TruGolf Stock Performance

Shares of NASDAQ:TRUG opened at $0.37 on Friday. TruGolf has a 52-week low of $0.32 and a 52-week high of $1.86. The company has a market capitalization of $4.34 million, a PE ratio of -0.87 and a beta of -0.89. The company has a fifty day moving average of $0.43 and a 200-day moving average of $0.60.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on TRUG

TruGolf Company Profile

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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.