zSpace, Inc (NASDAQ:ZSPC) Sees Large Decline in Short Interest

zSpace, Inc (NASDAQ:ZSPC) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 603,475 shares, a decline of 47.1% from the December 15th total of 1,140,932 shares. Based on an average daily trading volume, of 768,420 shares, the short-interest ratio is currently 0.8 days. Currently, 4.7% of the shares of the stock are short sold. Currently, 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 768,420 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

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

zSpace Stock Performance

Shares of NASDAQ ZSPC opened at $0.49 on Thursday. The firm has a 50 day moving average price of $0.53 and a two-hundred day moving average price of $1.46. The stock has a market cap of $14.21 million and a P/E ratio of -0.62. zSpace has a 52-week low of $0.36 and a 52-week high of $26.79.

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

Hedge Funds Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Millennium Management LLC acquired a new stake in zSpace, Inc (NASDAQ:ZSPC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,148 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned 0.09% of zSpace at the end of the most recent reporting period.

zSpace Company Profile

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.