Short Interest in The Glimpse Group, Inc. (NASDAQ:VRAR) Declines By 24.3%

The Glimpse Group, Inc. (NASDAQ:VRAR) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 188,000 shares, a decline of 24.3% from the March 15th total of 248,200 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 302,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On The Glimpse Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position 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 in the last quarter. Jane Street Group LLC bought a new stake in The Glimpse Group during the fourth quarter worth about $339,000. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group during the fourth quarter worth approximately $144,000. Finally, Bleakley Financial Group LLC bought a new position in shares of The Glimpse Group in the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 21.41% of the company’s stock.

The Glimpse Group Price Performance

Shares of VRAR stock opened at $1.02 on Friday. The stock’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $1.37. The Glimpse Group has a one year low of $0.50 and a one year high of $7.00. The firm has a market cap of $21.46 million, a price-to-earnings ratio of -2.62 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital cut their price target on shares of The Glimpse Group from $4.67 to $2.62 and set a “buy” rating for the company in a research note on Tuesday, April 8th.

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.