The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Update

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 188,000 shares, a drop of 24.3% from the March 15th total of 248,200 shares. Based on an average daily trading volume, of 302,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.3% of the shares of the company are sold short.

The Glimpse Group Price Performance

NASDAQ:VRAR opened at $1.02 on Friday. The Glimpse Group has a one year low of $0.50 and a one year high of $7.00. The company has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.37. The stock has a market cap of $21.46 million, a P/E ratio of -2.62 and a beta of 1.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VRAR. Geode Capital Management LLC increased its stake in The Glimpse Group by 22.2% during the fourth quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock valued at $388,000 after acquiring an additional 28,555 shares during the period. Jane Street Group LLC acquired a new stake in shares of The Glimpse Group during the 4th quarter worth approximately $339,000. Virtu Financial LLC bought a new stake in shares of The Glimpse Group during the fourth quarter valued at approximately $144,000. Finally, Bleakley Financial Group LLC bought a new stake in shares of The Glimpse Group during the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 21.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Westpark Capital dropped their price target on The Glimpse Group from $4.67 to $2.62 and set a “buy” rating on the stock in a research report on Tuesday, April 8th.

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.