The Glimpse Group, Inc. (NASDAQ:VRAR) Sees Significant Drop in Short Interest

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient 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 trading volume of 2,860,000 shares, the short-interest ratio is currently 0.1 days. Currently, 2.5% of the company’s shares are short sold.

The Glimpse Group Stock Performance

Shares of VRAR stock opened at $1.81 on Friday. The Glimpse Group has a 52 week low of $0.50 and a 52 week high of $7.00. The company’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $1.23.

Institutional Investors Weigh In On The Glimpse Group

Several large investors have recently made changes to their positions in VRAR. Geode Capital Management LLC lifted its position in The Glimpse Group by 22.2% in the 4th quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock valued at $388,000 after acquiring an additional 28,555 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group in the 4th quarter valued at about $144,000. Finally, Bleakley Financial Group LLC bought a new stake in shares of The Glimpse Group in the fourth quarter valued at about $125,000. Institutional investors own 21.41% of the company’s stock.

Analyst Upgrades and Downgrades

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.