Short Interest in The Glimpse Group, Inc. (NASDAQ:VRAR) Decreases By 12.5%

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 248,200 shares, a decline of 12.5% from the February 28th total of 283,800 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,940,000 shares, the days-to-cover ratio is presently 0.1 days.

The Glimpse Group Trading Up 4.3 %

NASDAQ:VRAR opened at $1.21 on Wednesday. The firm has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.35. The Glimpse Group has a 12 month low of $0.50 and a 12 month high of $7.00. The stock has a market capitalization of $25.46 million, a price-to-earnings ratio of -3.10 and a beta of 1.06.

Institutional Trading of The Glimpse Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in The Glimpse Group by 22.2% during the fourth quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock worth $388,000 after buying an additional 28,555 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of The Glimpse Group in the 4th quarter worth about $339,000. Virtu Financial LLC bought a new position in The Glimpse Group in the 4th quarter valued at about $144,000. Finally, Bleakley Financial Group LLC acquired a new position in The Glimpse Group during the 4th quarter valued at about $125,000. 21.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $4.67 price objective on shares of The Glimpse Group in a research note on Friday, February 14th.

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.