The Glimpse Group, Inc. (NASDAQ:VRAR) Sees Significant Drop in Short Interest

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 517,300 shares, a decline of 42.2% from the December 15th total of 894,300 shares. Based on an average trading volume of 2,750,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.0% of the shares of the stock are short sold.

The Glimpse Group Stock Performance

NASDAQ VRAR opened at $1.82 on Tuesday. The firm’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.10. The stock has a market cap of $33.08 million, a PE ratio of -4.23 and a beta of 1.07. The Glimpse Group has a fifty-two week low of $0.50 and a fifty-two week high of $7.00.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and issued a $4.67 price target on shares of The Glimpse Group in a research note on Tuesday, December 24th.

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.