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

Posted by Donna Armstrong on Dec 29th, 2024

The Glimpse Group, Inc. (NASDAQ:VRAR – Get Free Report) was the target of a significant growth in short interest in 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. Currently, 7.8% of the company’s stock are short sold. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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.

Read Our Latest Analysis on The Glimpse Group

The Glimpse Group Price Performance

VRAR stock traded down $0.22 during trading hours on Friday, reaching $3.08. The stock had a trading volume of 2,666,406 shares, compared to its average volume of 720,185. The stock has a market capitalization of $55.98 million, a PE ratio of -7.16 and a beta of 1.98. The stock has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $1.00. The Glimpse Group has a fifty-two week low of $0.50 and a fifty-two week high of $7.00.

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

About The Glimpse Group

(Get Free Report)

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.