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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC bought a new position in TruGolf Holdings, Inc. (NASDAQ:TRUG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf accounts for about 0.0% of Clear Street Derivatives LLC’s holdings, making the stock its 25th biggest holding. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf as of its most recent SEC filing. 3.24% of the stock is owned by hedge funds and other institutional investors.

TruGolf Price Performance

TruGolf stock traded down $0.06 during mid-day trading on Tuesday, reaching $0.46. 550,386 shares of the company traded hands, compared to its average volume of 3,185,076. The firm’s 50 day moving average price is $0.54 and its 200 day moving average price is $0.82. The firm has a market capitalization of $5.46 million, a price-to-earnings ratio of -1.12 and a beta of -0.85. TruGolf has a 52-week low of $0.35 and a 52-week high of $8.39.

Analyst Upgrades and Downgrades

TRUG has been the subject of a number of recent analyst reports. Maxim Group initiated coverage on shares of TruGolf in a report on Thursday, December 19th. They set 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.

TruGolf Company Profile

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.