Short Interest in zSpace, Inc (NASDAQ:ZSPC) Rises By 686.4%

zSpace, Inc (NASDAQ:ZSPC) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 3,099,331 shares, a growth of 686.4% from the March 31st total of 394,137 shares. Based on an average trading volume of 54,217,450 shares, the days-to-cover ratio is presently 0.1 days. Approximately 219.7% of the company’s shares are sold short.

zSpace Stock Down 22.5%

NASDAQ:ZSPC traded down $0.13 during mid-day trading on Friday, reaching $0.44. 2,920,772 shares of the company were exchanged, compared to its average volume of 929,185. The stock has a market cap of $684,790.00, a PE ratio of -0.02 and a beta of 1.16. The company has a fifty day moving average of $4.05 and a 200 day moving average of $11.90. zSpace has a 12 month low of $0.42 and a 12 month high of $247.50.

Insider Activity

In other news, major shareholder Aqr Capital Management Holding purchased 34,428 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were acquired at an average price of $1.75 per share, for a total transaction of $60,249.00. Following the completion of the acquisition, the insider directly owned 190,257 shares of the company’s stock, valued at $332,949.75. The trade was a 22.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,945 shares of company stock worth $3,407 in the last quarter. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZSPC. AQR Capital Management LLC acquired a new position in zSpace during the fourth quarter worth about $25,000. Millennium Management LLC acquired a new stake in zSpace during the 3rd quarter valued at approximately $25,000. HRT Financial LP bought a new position in shares of zSpace during the 4th quarter worth approximately $27,000. XTX Topco Ltd bought a new position in shares of zSpace during the 4th quarter worth approximately $30,000. Finally, Geode Capital Management LLC boosted its holdings in shares of zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after buying an additional 68,150 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a report on Monday. Two 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $100.00.

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.