The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Down 21.7% in January

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a large 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 company’s shares are short sold. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On The Glimpse Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted 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. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group in the 4th quarter valued at approximately $144,000. Finally, Bleakley Financial Group LLC bought a new position in The Glimpse Group during the 4th quarter worth approximately $125,000. Institutional investors own 21.41% of the company’s stock.

The Glimpse Group Trading Up 3.4 %

Shares of The Glimpse Group stock opened at $1.81 on Friday. The Glimpse Group has a 52 week low of $0.50 and a 52 week high of $7.00. The firm has a fifty day moving average of $2.11 and a two-hundred day moving average of $1.23.

Analyst Upgrades and Downgrades

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

About The Glimpse Group

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.