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

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

The Glimpse Group Stock Down 6.7 %

The Glimpse Group stock opened at $3.08 on Friday. The Glimpse Group has a 52-week low of $0.50 and a 52-week high of $7.00. The firm has a market cap of $55.98 million, a PE ratio of -7.16 and a beta of 1.98. The company’s 50 day moving average is $1.20 and its two-hundred day moving average is $1.00.

The Glimpse Group (NASDAQ:VRAR) last posted its earnings results on Monday, September 30th. The company reported ($0.24) 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%.

Analyst Ratings Changes

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