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

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 165,200 shares, a drop of 37.3% from the January 15th total of 263,500 shares. Based on an average daily volume of 5,650,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.1% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRUG. Singular Research upgraded TruGolf to a “moderate buy” rating in a research note on Monday, January 27th. Maxim Group started coverage on shares of TruGolf in a report on Thursday, December 19th. They set a “buy” rating and a $2.00 target price on the stock.

TruGolf Trading Up 5.3 %

Shares of NASDAQ:TRUG opened at $0.39 on Thursday. TruGolf has a 52-week low of $0.35 and a 52-week high of $2.27. The company has a 50-day simple moving average of $0.53 and a 200 day simple moving average of $0.77.

Institutional Trading of TruGolf

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC bought a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises about 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 25th biggest holding. Clear Street Derivatives LLC owned about 0.23% of TruGolf as of its most recent SEC filing. Institutional investors own 3.24% of the company’s stock.

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.