Short Interest in The Glimpse Group, Inc. (NASDAQ:VRAR) Grows By 175.8%

The Glimpse Group, Inc. (NASDAQ:VRAR) was the target of a significant increase in short interest in 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 sold short. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

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

The Glimpse Group Stock Performance

Shares of The Glimpse Group stock opened at $3.30 on Friday. The stock has a market capitalization of $59.97 million, a P/E ratio of -7.67 and a beta of 1.98. The Glimpse Group has a 52-week low of $0.50 and a 52-week high of $7.00. The stock’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $0.98.

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

The Glimpse Group Company Profile

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.