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

The Glimpse Group, Inc. (NASDAQ:VRAR – Get Rating) saw a significant drop in short interest in December. As of December 30th, there was short interest totalling 124,200 shares, a drop of 38.4% from the December 15th total of 201,500 shares. Based on an average daily volume of 49,600 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.4% of the company’s stock are short sold.

The Glimpse Group Price Performance

Shares of The Glimpse Group stock opened at $3.76 on Wednesday. The firm has a market cap of $51.11 million, a PE ratio of -5.01 and a beta of 1.64. The Glimpse Group has a 1 year low of $2.50 and a 1 year high of $11.65. The stock has a fifty day moving average price of $3.86 and a 200-day moving average price of $4.69.

The Glimpse Group (NASDAQ:VRAR – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $3.95 million for the quarter. The Glimpse Group had a negative return on equity of 33.53% and a negative net margin of 95.07%.

Insider Activity

In related news, Director Lemuel Amen purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 23rd. The stock was acquired at an average cost of $3.25 per share, with a total value of $32,500.00. Following the transaction, the director now owns 71,811 shares of the company’s stock, valued at approximately $233,385.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 39,939 shares of company stock worth $116,985 over the last 90 days. 26.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Glimpse Group

A number of hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC bought a new position in The Glimpse Group during the first quarter valued at $193,000. State Street Corp bought a new position in shares of The Glimpse Group during the 1st quarter worth $77,000. Bank of America Corp DE bought a new position in shares of The Glimpse Group during the 1st quarter worth $46,000. Private Advisor Group LLC purchased a new stake in The Glimpse Group in the 2nd quarter worth about $183,000. Finally, Commonwealth Equity Services LLC bought a new stake in The Glimpse Group in the 2nd quarter valued at about $53,000. Institutional investors own 8.29% of the company’s stock.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I reissued a “buy” rating and set a $7.00 target price on shares of The Glimpse Group in a research report on Monday, December 19th.

The Glimpse Group Company Profile

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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; Adept XR Learning, which provides VR/AR solutions for higher education learning and corporate training; PostReality that offers AR presentation tools for design, creation, and collaboration; D6 VR, which provides VR/AR data visualization, data-analysis tools, and collaboration for financial services and other data intensive industries; 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.