The Glimpse Group, Inc. (NASDAQ:VRAR) Sees Large Increase in Short Interest

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 894,300 shares, an increase of 175.8% from the November 30th total of 324,200 shares. Currently, 7.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,530,000 shares, the days-to-cover ratio is currently 0.4 days.

The Glimpse Group Stock Performance

Shares of VRAR opened at $3.08 on Friday. The Glimpse Group has a fifty-two week low of $0.50 and a fifty-two week high of $7.00. The firm has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.00. The company has a market capitalization of $55.98 million, a price-to-earnings ratio of -7.16 and a beta of 1.98.

The Glimpse Group (NASDAQ:VRAR) last posted its quarterly earnings data on Monday, September 30th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $1.73 million for the quarter. The Glimpse Group had a negative return on equity of 55.72% and a negative net margin of 89.57%.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $4.67 target price on shares of The Glimpse Group in a report on Tuesday.

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.