TruGolf Holdings, Inc. (NASDAQ:TRUG) Short Interest Up 60.2% in November

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the target of a significant increase in short interest during 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. Based on an average daily volume of 146,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the shares of the company are sold short.

TruGolf Stock Down 1.5 %

Shares of NASDAQ:TRUG opened at $0.54 on Friday. The company has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.99. TruGolf has a twelve month low of $0.35 and a twelve month high of $11.82. The firm has a market capitalization of $6.46 million, a PE ratio of -1.29 and a beta of -0.67.

Institutional Inflows and Outflows

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 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up 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 reporting period. Institutional investors and hedge funds own 3.24% of the company’s stock.

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.