The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Down 42.2% in December

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 517,300 shares, a decline of 42.2% from the December 15th total of 894,300 shares. Based on an average daily volume of 2,750,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.0% of the company’s stock are short sold.

The Glimpse Group Stock Performance

NASDAQ:VRAR opened at $1.83 on Wednesday. The Glimpse Group has a one year low of $0.50 and a one year high of $7.00. The business’s 50-day simple moving average is $1.60 and its 200 day simple moving average is $1.11. The stock has a market cap of $33.26 million, a price-to-earnings ratio of -4.26 and a beta of 1.07.

Analyst Ratings Changes

Separately, Westpark Capital reiterated a “buy” rating and issued a $4.67 price target on shares of The Glimpse Group in a research note on Tuesday, December 24th.

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.