Short Interest in TruGolf Holdings, Inc. (NASDAQ:TRUG) Drops By 19.0%

TruGolf Holdings, Inc. (NASDAQ:TRUG) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 34,900 shares, a decline of 19.0% from the October 15th total of 43,100 shares. Based on an average daily trading volume, of 72,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the shares of the company are short sold.

TruGolf Stock Performance

Shares of TRUG opened at $0.48 on Friday. The stock’s 50-day moving average price is $0.84 and its 200-day moving average price is $1.07. TruGolf has a 52 week low of $0.35 and a 52 week high of $11.82.

TruGolf (NASDAQ:TRUG) last posted its earnings results on Tuesday, August 20th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $3.87 million for the quarter.

Institutional Investors Weigh In On TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC purchased a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 25th biggest position. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf at the end of the most recent reporting period. 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.