Short Interest in TruGolf Holdings, Inc. (NASDAQ:TRUG) Declines By 58.9%

TruGolf Holdings, Inc. (NASDAQ:TRUG) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 23,000 shares, a decrease of 58.9% from the November 15th total of 55,900 shares. Based on an average trading volume of 174,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC purchased a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 position. Clear Street Derivatives LLC owned about 0.23% of TruGolf at the end of the most recent quarter. Hedge funds and other institutional investors own 3.24% of the company’s stock.

TruGolf Price Performance

NASDAQ:TRUG traded up $0.17 during trading hours on Friday, reaching $0.68. 141,443,395 shares of the company were exchanged, compared to its average volume of 1,269,864. The firm has a market cap of $8.13 million, a price-to-earnings ratio of -1.75 and a beta of -0.75. The stock has a 50 day simple moving average of $0.62 and a 200 day simple moving average of $0.94. TruGolf has a 52-week low of $0.35 and a 52-week 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.