TruGolf Holdings, Inc. (NASDAQ:TRUG – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 351,700 shares, a decrease of 64.4% from the December 15th total of 988,200 shares. Based on an average daily volume of 5,190,000 shares, the short-interest ratio is currently 0.1 days. Currently, 6.4% of the shares of the stock are short sold.
Institutional Investors Weigh In On 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 – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 holdings, making the stock its 25th biggest position. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf as of its most recent SEC filing. Institutional investors and hedge funds own 3.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Maxim Group started coverage on TruGolf in a research note on Thursday, December 19th. They issued a “buy” rating and a $2.00 price target on the stock.
TruGolf Trading Up 6.2 %
TruGolf stock traded up $0.04 during midday trading on Wednesday, reaching $0.60. The company’s stock had a trading volume of 1,015,755 shares, compared to its average volume of 4,054,848. The stock has a market cap of $7.12 million, a PE ratio of -1.43 and a beta of -0.85. TruGolf has a 52 week low of $0.35 and a 52 week high of $10.00. The business has a 50-day moving average price of $0.53 and a 200-day moving average price of $0.85.
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.
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