Short Interest in The Glimpse Group, Inc. (NASDAQ:VRAR) Drops By 35.2%

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 178,900 shares, a decline of 35.2% from the September 30th total of 276,000 shares. Based on an average daily volume of 198,500 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 198,500 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VRAR. Westpark Capital restated a “buy” rating and set a $2.62 price objective on shares of The Glimpse Group in a report on Wednesday, July 16th. Weiss Ratings restated a “sell (e+)” rating on shares of The Glimpse Group in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.62.

The Glimpse Group Trading Up 0.6%

Shares of NASDAQ VRAR opened at $1.59 on Tuesday. The Glimpse Group has a twelve month low of $0.50 and a twelve month high of $7.00. The company has a market capitalization of $33.50 million, a price-to-earnings ratio of -12.23 and a beta of 1.17. The business has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.44.

Institutional Investors Weigh In On The Glimpse Group

An institutional investor recently bought a new position in The Glimpse Group stock. XTX Topco Ltd purchased a new stake in The Glimpse Group, Inc. (NASDAQ:VRAR) in the second quarter, according to its most recent filing with the SEC. The fund purchased 33,685 shares of the company’s stock, valued at approximately $46,000. XTX Topco Ltd owned about 0.16% of The Glimpse Group at the end of the most recent quarter. 21.41% of the stock is currently owned by institutional investors and hedge funds.

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.