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

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 342,500 shares, a drop of 21.7% from the January 15th total of 437,200 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,860,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Westpark Capital reaffirmed a “buy” rating and set a $4.67 price objective on shares of The Glimpse Group in a research report on Friday.

The Glimpse Group Price Performance

The Glimpse Group stock opened at $1.74 on Friday. The Glimpse Group has a one year low of $0.50 and a one year high of $7.00. The stock has a market capitalization of $31.62 million, a PE ratio of -4.05 and a beta of 1.01. The business’s fifty day moving average is $2.13 and its 200 day moving average is $1.24.

Institutional Investors Weigh In On The Glimpse Group

Several institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC bought a new position in The Glimpse Group in the fourth quarter valued at about $125,000. Virtu Financial LLC bought a new position in The Glimpse Group in the fourth quarter valued at about $144,000. Geode Capital Management LLC lifted its holdings in The Glimpse Group by 22.2% in the fourth quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock valued at $388,000 after acquiring an additional 28,555 shares during the period. Finally, Jane Street Group LLC bought a new position in The Glimpse Group in the fourth quarter valued at about $339,000. 21.41% of the stock is owned by hedge funds and other institutional investors.

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.