The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Down 12.5% in March

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 248,200 shares, a decrease of 12.5% from the February 28th total of 283,800 shares. Based on an average daily volume of 1,940,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VRAR. Bleakley Financial Group LLC bought a new stake in The Glimpse Group during the 4th quarter worth approximately $125,000. Virtu Financial LLC bought a new position in shares of The Glimpse Group during the fourth quarter valued at $144,000. Jane Street Group LLC acquired a new position in shares of The Glimpse Group during the fourth quarter worth $339,000. Finally, Geode Capital Management LLC grew its stake in shares of The Glimpse Group by 22.2% in the fourth quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock worth $388,000 after purchasing an additional 28,555 shares during the last quarter. Institutional investors own 21.41% of the company’s stock.

Analyst Ratings Changes

Separately, Westpark Capital reiterated a “buy” rating and issued a $4.67 price target on shares of The Glimpse Group in a research note on Friday, February 14th.

The Glimpse Group Trading Down 6.7 %

The Glimpse Group stock opened at $1.12 on Friday. The stock has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $1.35. The Glimpse Group has a 12 month low of $0.50 and a 12 month high of $7.00. The company has a market capitalization of $23.57 million, a PE ratio of -2.87 and a beta of 1.06.

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; 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.