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

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

The Glimpse Group Trading Up 1.2 %

VRAR traded up $0.02 during midday trading on Thursday, hitting $1.71. The company’s stock had a trading volume of 187,897 shares, compared to its average volume of 706,725. The Glimpse Group has a 52-week low of $0.50 and a 52-week high of $7.00. The firm has a 50-day moving average price of $1.88 and a two-hundred day moving average price of $1.17. The firm has a market cap of $31.07 million, a P/E ratio of -3.98 and a beta of 1.07.

Institutional Trading of The Glimpse Group

An institutional investor recently bought a new position in The Glimpse Group stock. Bleakley Financial Group LLC purchased a new stake in The Glimpse Group, Inc. (NASDAQ:VRAR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 50,479 shares of the company’s stock, valued at approximately $125,000. Bleakley Financial Group LLC owned 0.28% of The Glimpse Group as of its most recent filing with the SEC. 21.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and issued a $4.67 price target on shares of The Glimpse Group in a report 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.