zSpace, Inc (NASDAQ:ZSPC) Short Interest Up 37.9% in December

zSpace, Inc (NASDAQ:ZSPC) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,140,932 shares, a growth of 37.9% from the November 30th total of 827,113 shares. Currently, 8.9% of the company’s shares are short sold. Based on an average daily volume of 1,618,179 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 1,618,179 shares, the days-to-cover ratio is presently 0.7 days. Currently, 8.9% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ZSPC shares. Barrington Research dropped their price target on shares of zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Northland Capmk downgraded shares of zSpace from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, zSpace presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

zSpace Stock Down 6.8%

NASDAQ:ZSPC opened at $0.48 on Tuesday. zSpace has a twelve month low of $0.36 and a twelve month high of $26.79. The company has a fifty day moving average of $0.66 and a 200-day moving average of $1.69. The firm has a market capitalization of $14.00 million and a P/E ratio of -0.61.

zSpace (NASDAQ:ZSPC) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The business had revenue of $8.79 million for the quarter, compared to analyst estimates of $8.43 million.

Institutional Trading of zSpace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZSPC. Millennium Management LLC acquired a new position in zSpace during the 3rd quarter worth approximately $25,000. XTX Topco Ltd bought a new stake in shares of zSpace during the second quarter valued at approximately $39,000. Finally, Invesco Ltd. acquired a new position in shares of zSpace during the first quarter worth approximately $170,000.

About zSpace

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.