The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Down 26.7% in February

The Glimpse Group, Inc. (NASDAQ:VRAR) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 283,800 shares, a decline of 26.7% from the February 13th total of 387,100 shares. Based on an average daily volume of 2,890,000 shares, the short-interest ratio is currently 0.1 days. Currently, 2.0% of the company’s stock are short sold.

The Glimpse Group Price Performance

Shares of VRAR stock opened at $1.26 on Tuesday. The Glimpse Group has a 1-year low of $0.50 and a 1-year high of $7.00. The stock’s fifty day moving average price is $1.67 and its 200 day moving average price is $1.32. The company has a market cap of $26.52 million, a price-to-earnings ratio of -3.23 and a beta of 1.06.

Institutional Inflows and Outflows

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

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 report on Friday, February 14th.

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.