The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Update

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 517,300 shares, a decline of 42.2% from the December 31st total of 894,300 shares. Based on an average daily trading volume, of 2,750,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.0% of the company’s stock are short sold.

The Glimpse Group Stock Down 3.1 %

Shares of NASDAQ:VRAR traded down $0.06 during midday trading on Wednesday, hitting $1.71. The stock had a trading volume of 37,376 shares, compared to its average volume of 727,142. The business’s 50-day simple moving average is $1.86 and its 200-day simple moving average is $1.17. The Glimpse Group has a 12 month low of $0.50 and a 12 month high of $7.00. The company has a market cap of $30.98 million, a P/E ratio of -4.01 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reissued a “buy” rating and set a $4.67 price target on shares of The Glimpse Group in a research report on Tuesday, December 24th.

Institutional Investors Weigh In On The Glimpse Group

A hedge fund recently bought a new stake in The Glimpse Group stock. Bleakley Financial Group LLC acquired a new stake in The Glimpse Group, Inc. (NASDAQ:VRAR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,479 shares of the company’s stock, valued at approximately $125,000. Bleakley Financial Group LLC owned about 0.28% of The Glimpse Group as of its most recent SEC filing. 21.41% of the stock is currently owned by institutional investors and hedge funds.

The Glimpse Group Company Profile

The Glimpse Group, Inc, a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D interactive digital models and experiences in AR; Immersive Health Group, a VR/AR platform for evidence-based and outcome driven healthcare solutions; and Foretell Reality, a social VR platform for behavioral health, support groups, collaboration, and soft skills training.