The Glimpse Group, Inc. (NASDAQ:VRAR) Sees Significant Decrease in Short Interest

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 283,800 shares, a decrease of 26.7% from the February 13th total of 387,100 shares. Based on an average daily trading volume, of 2,890,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.0% of the company’s shares are short sold.

The Glimpse Group Price Performance

Shares of NASDAQ:VRAR opened at $1.20 on Monday. The firm has a market capitalization of $25.25 million, a PE ratio of -3.08 and a beta of 1.06. The business has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.32. The Glimpse Group has a 12 month low of $0.50 and a 12 month high of $7.00.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reiterated a “buy” rating and set a $4.67 target price on shares of The Glimpse Group in a research report on Friday, February 14th.

Institutional Investors Weigh In On The Glimpse Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRAR. Bleakley Financial Group LLC acquired a new stake in shares of The Glimpse Group in the fourth quarter valued at about $125,000. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group in the fourth quarter valued at about $144,000. Jane Street Group LLC acquired a new stake in shares of The Glimpse Group in the fourth quarter valued at about $339,000. Finally, Geode Capital Management LLC grew its stake in shares of 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 buying an additional 28,555 shares in the last quarter. 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.