The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Up 64.4% in May

The Glimpse Group, Inc. (NASDAQ:VRAR) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 239,000 shares, a growth of 64.4% from the May 15th total of 145,400 shares. Based on an average daily volume of 140,500 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Westpark Capital reissued a “buy” rating and set a $2.62 price objective on shares of The Glimpse Group in a report on Thursday, May 22nd.

Institutional Investors Weigh In On The Glimpse Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in The Glimpse Group during the 4th quarter valued at $144,000. Jane Street Group LLC acquired a new stake in shares of The Glimpse Group during the fourth quarter valued at $339,000. Finally, Geode Capital Management LLC increased its position in The Glimpse Group by 22.2% during the 4th quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock worth $388,000 after purchasing an additional 28,555 shares in the last quarter. Hedge funds and other institutional investors own 21.41% of the company’s stock.

The Glimpse Group Price Performance

VRAR opened at $1.35 on Friday. The stock’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.55. The stock has a market cap of $28.43 million, a P/E ratio of -3.46 and a beta of 1.23. The Glimpse Group has a 1-year low of $0.50 and a 1-year high of $7.00.

The Glimpse Group (NASDAQ:VRAR) last announced its earnings results on Thursday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The Glimpse Group had a negative return on equity of 47.08% and a negative net margin of 70.68%. The business had revenue of $1.42 million for the quarter, compared to analyst estimates of $1.50 million.

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.