zSpace, Inc (NASDAQ:ZSPC) Short Interest Up 55.1% in September

zSpace, Inc (NASDAQ:ZSPC) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 44,200 shares, an increase of 55.1% from the August 31st total of 28,500 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 403,600 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 403,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Trading of zSpace

An institutional investor recently bought a new position in zSpace stock. XTX Topco Ltd purchased a new stake in shares of zSpace, Inc (NASDAQ:ZSPC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned about 0.05% of zSpace as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZSPC. Roth Capital reaffirmed a “buy” rating and issued a $5.00 price objective (down from $12.00) on shares of zSpace in a research note on Friday, August 15th. Barrington Research reaffirmed an “outperform” rating and issued a $5.00 price objective on shares of zSpace in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a research note on Saturday, September 27th. Finally, Wall Street Zen lowered shares of zSpace from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.00.

zSpace Price Performance

ZSPC stock opened at $1.01 on Wednesday. The firm has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $4.53. zSpace has a one year low of $0.87 and a one year high of $32.69.

zSpace (NASDAQ:ZSPC) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.11). The business had revenue of $7.46 million for the quarter, compared to analyst estimates of $7.59 million.

zSpace Company Profile

zSpace Technologies, Inc is a provider of commercial augmented reality and virtual reality technology principally in the education market. The Company offers differentiated hardware along with learning software modules for K-12 science, technology, engineering, game design and mathematics applications, as well as workforce-oriented career and technical education applications.