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

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 894,300 shares, a growth of 175.8% from the November 30th total of 324,200 shares. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 7.8% of the company’s stock are short sold.

Analyst Ratings Changes

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

The Glimpse Group Price Performance

Shares of VRAR stock opened at $3.30 on Friday. The firm has a 50-day moving average of $1.15 and a 200-day moving average of $0.98. The Glimpse Group has a one year low of $0.50 and a one year high of $7.00. The company has a market cap of $59.97 million, a P/E ratio of -7.67 and a beta of 1.98.

The Glimpse Group (NASDAQ:VRAR) last posted its quarterly earnings data on Monday, September 30th. The company reported ($0.24) EPS for the quarter. The Glimpse Group had a negative net margin of 89.57% and a negative return on equity of 55.72%. The firm had revenue of $1.73 million during the quarter.

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.