The Glimpse Group, Inc. (NASDAQ:VRAR) Sees Large Drop in Short Interest

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 248,200 shares, a decrease of 12.5% from the February 28th total of 283,800 shares. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.7% of the company’s stock are short sold.

Hedge Funds Weigh In On The Glimpse Group

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of The Glimpse Group by 22.2% in the 4th quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock valued at $388,000 after purchasing an additional 28,555 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of The Glimpse Group in the fourth quarter valued at approximately $339,000. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group in the fourth quarter valued at approximately $144,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of The Glimpse Group during the fourth quarter worth approximately $125,000. 21.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

The Glimpse Group Trading Down 0.8 %

The Glimpse Group stock opened at $1.20 on Thursday. The company has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.35. The stock has a market cap of $25.25 million, a P/E ratio of -3.08 and a beta of 1.06. The Glimpse Group has a 12-month low of $0.50 and a 12-month high of $7.00.

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.