The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Update

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 137,900 shares, a growth of 19.4% from the July 31st total of 115,500 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 151,400 shares, the days-to-cover ratio is presently 0.9 days.

The Glimpse Group Stock Performance

The Glimpse Group stock opened at $3.35 on Wednesday. The company’s fifty day moving average price is $3.49 and its 200 day moving average price is $3.90. The Glimpse Group has a 1 year low of $2.50 and a 1 year high of $6.90. The stock has a market capitalization of $46.93 million, a P/E ratio of -4.29 and a beta of 1.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in The Glimpse Group in the 1st quarter valued at $46,000. State Street Corp lifted its holdings in The Glimpse Group by 47.4% in the 1st quarter. State Street Corp now owns 22,700 shares of the company’s stock valued at $85,000 after purchasing an additional 7,300 shares in the last quarter. Geode Capital Management LLC lifted its holdings in The Glimpse Group by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 73,657 shares of the company’s stock valued at $223,000 after purchasing an additional 7,401 shares in the last quarter. Vigilare Wealth Management purchased a new position in The Glimpse Group in the 1st quarter valued at $40,000. Finally, Northern Trust Corp purchased a new position in The Glimpse Group in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 10.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital started coverage on shares of The Glimpse Group in a research note on Tuesday, August 22nd. They issued a “buy” rating and a $8.87 price target on the stock.

About The Glimpse Group

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.