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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC acquired a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf accounts for about 0.0% of Clear Street Derivatives LLC’s holdings, making the stock its 25th largest position. Clear Street Derivatives LLC owned approximately 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 Stock Performance

NASDAQ:TRUG opened at $0.48 on Friday. TruGolf has a twelve month low of $0.35 and a twelve month high of $11.82. The firm has a 50-day moving average price of $0.84 and a two-hundred day moving average price of $1.07.

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

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.