The Glimpse Group, Inc. (NASDAQ:VRAR) Sees Large Decrease in Short Interest

The Glimpse Group, Inc. (NASDAQ:VRAR – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 251,800 shares, a decrease of 14.8% from the May 15th total of 295,500 shares. Based on an average trading volume of 131,200 shares, the short-interest ratio is currently 1.9 days. Currently, 3.1% of the shares of the company are short sold.

VRAR opened at $3.34 on Friday. The Glimpse Group has a 1-year low of $3.04 and a 1-year high of $21.00. The stock’s fifty day simple moving average is $4.31 and its 200 day simple moving average is $7.08.

In other The Glimpse Group news, Director Lemuel Amen purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average price of $4.00 per share, for a total transaction of $60,000.00. Following the purchase, the director now owns 40,061 shares in the company, valued at $160,244. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders purchased 18,000 shares of company stock worth $74,200. 27.09% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of VRAR. BlackRock Inc. grew its holdings in The Glimpse Group by 886.8% in the 4th quarter. BlackRock Inc. now owns 46,822 shares of the company’s stock valued at $461,000 after buying an additional 42,077 shares in the last quarter. ProShare Advisors LLC acquired a new position in The Glimpse Group in the 1st quarter valued at $193,000. SG Americas Securities LLC acquired a new position in The Glimpse Group in the 1st quarter valued at $108,000. Verition Fund Management LLC acquired a new position in The Glimpse Group in the 3rd quarter valued at $109,000. Finally, State Street Corp acquired a new position in The Glimpse Group in the 1st quarter valued at $77,000. 2.59% of the stock is currently owned by hedge funds and other institutional investors.

About The Glimpse Group (Get Rating)

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 and AR content; Adept XR Learning, which provides higher education learning and corporate VR training solutions; PostReality, a cloud-based software as a service solution that enables users to create AR presentations; and XR Platform, a cloud-based, scalable and secure backend infrastructure, including proprietary cloud image recognition technology, online storage, creation and management of subscription plans, and invoicing and payments designed for VR/AR companies.

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