zSpace, Inc (NASDAQ:ZSPC) Short Interest Update

zSpace, Inc (NASDAQ:ZSPC) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 433,764 shares, a drop of 35.6% from the January 15th total of 673,161 shares. Based on an average daily volume of 1,017,528 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.4% of the shares of the company are short sold. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,017,528 shares, the days-to-cover ratio is presently 0.4 days.

zSpace Stock Up 4.3%

NASDAQ:ZSPC opened at $0.26 on Friday. zSpace has a 12-month low of $0.24 and a 12-month high of $26.79. The stock’s fifty day simple moving average is $0.47 and its 200-day simple moving average is $1.08. The firm has a market capitalization of $8.79 million, a P/E ratio of -0.33 and a beta of -0.55.

zSpace (NASDAQ:ZSPC) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The company had revenue of $8.79 million during the quarter, compared to analyst estimates of $8.43 million.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZSPC. XTX Topco Ltd acquired a new stake in zSpace in the second quarter worth $39,000. Millennium Management LLC bought a new stake in shares of zSpace in the 3rd quarter valued at $25,000. Geode Capital Management LLC raised its stake in zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after buying an additional 68,150 shares during the period. HRT Financial LP acquired a new stake in zSpace during the 4th quarter worth $27,000. Finally, Jane Street Group LLC bought a new position in zSpace during the fourth quarter worth about $57,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ZSPC shares. Wall Street Zen cut shares of zSpace from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Barrington Research dropped their price target on shares of zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Northland Securities cut shares of zSpace from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, zSpace has an average rating of “Hold” and a consensus target price of $6.00.

About zSpace

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.