The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Down 12.5% in March

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 248,200 shares, a decline of 12.5% from the February 28th total of 283,800 shares. Based on an average trading volume of 1,940,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $4.67 price objective on shares of The Glimpse Group in a research report on Friday, February 14th.

The Glimpse Group Stock Up 4.3 %

VRAR stock opened at $1.21 on Wednesday. The firm has a market cap of $25.46 million, a PE ratio of -3.10 and a beta of 1.06. The business has a 50 day moving average of $1.49 and a 200-day moving average of $1.35. The Glimpse Group has a 12-month low of $0.50 and a 12-month high of $7.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VRAR. Bleakley Financial Group LLC purchased a new stake in The Glimpse Group during the fourth quarter worth about $125,000. Virtu Financial LLC bought a new position in shares of The Glimpse Group during the 4th quarter valued at approximately $144,000. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 28,555 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of The Glimpse Group in the 4th quarter worth approximately $339,000. Hedge funds and other institutional investors own 21.41% of the company’s stock.

The Glimpse Group Company Profile

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.