The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Down 21.7% in January

The Glimpse Group, Inc. (NASDAQ:VRAR) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 342,500 shares, a decline of 21.7% from the January 15th total of 437,200 shares. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Investors Weigh In On The Glimpse Group

A number of hedge funds have recently added to or reduced their stakes in VRAR. Bleakley Financial Group LLC purchased a new position in shares of The Glimpse Group during the fourth quarter valued at approximately $125,000. Virtu Financial LLC purchased a new position in shares of The Glimpse Group during the fourth quarter valued at approximately $144,000. Jane Street Group LLC purchased a new position in shares of The Glimpse Group during the fourth quarter valued at approximately $339,000. Finally, Geode Capital Management LLC boosted its position in shares of 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 buying an additional 28,555 shares during the last quarter. Institutional investors and hedge funds own 21.41% of the company’s stock.

The Glimpse Group Stock Performance

The Glimpse Group stock traded down $0.07 during mid-day trading on Friday, reaching $1.74. The stock had a trading volume of 271,329 shares, compared to its average volume of 373,071. The Glimpse Group has a fifty-two week low of $0.50 and a fifty-two week high of $7.00. The stock’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $1.24. The firm has a market capitalization of $31.62 million, a PE ratio of -4.05 and a beta of 1.01.

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.

About The Glimpse Group

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.