Short Interest in The Glimpse Group, Inc. (NASDAQ:VRAR) Expands By 383.9%

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 369,700 shares, an increase of 383.9% from the August 31st total of 76,400 shares. Based on an average daily volume of 82,800 shares, the short-interest ratio is currently 4.5 days. Approximately 3.1% of the company’s stock are short sold.

Institutional Trading of The Glimpse Group

An institutional investor recently raised its position in The Glimpse Group stock. NorthRock Partners LLC increased its stake in The Glimpse Group, Inc. (NASDAQ:VRAR) by 100.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 200,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. NorthRock Partners LLC owned approximately 1.19% of The Glimpse Group worth $224,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 21.41% of the company’s stock.

The Glimpse Group Price Performance

Shares of NASDAQ:VRAR traded up $0.01 during trading on Friday, reaching $0.86. 6,411 shares of the company’s stock traded hands, compared to its average volume of 58,556. The Glimpse Group has a 12 month low of $0.68 and a 12 month high of $3.41. The stock has a market capitalization of $15.61 million, a P/E ratio of -0.56 and a beta of 2.05. The company has a 50 day moving average of $0.87 and a 200-day moving average of $1.03.

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.