The Glimpse Group, Inc. (NASDAQ:VRAR – Get Rating) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 251,800 shares, a decline of 14.8% from the May 15th total of 295,500 shares. Based on an average daily volume of 131,200 shares, the short-interest ratio is presently 1.9 days. Approximately 3.1% of the company’s shares are sold short.
In related news, Director Lemuel Amen acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was acquired at an average cost of $4.00 per share, with a total value of $60,000.00. Following the completion of the purchase, the director now directly owns 40,061 shares in the company, valued at $160,244. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have purchased 18,000 shares of company stock valued at $74,200. 27.09% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of VRAR. Bank of America Corp DE bought a new position in The Glimpse Group during the first quarter worth about $46,000. Cornerstone Advisory LLC lifted its holdings in The Glimpse Group by 100.0% during the first quarter. Cornerstone Advisory LLC now owns 10,000 shares of the company’s stock worth $64,000 after acquiring an additional 5,000 shares in the last quarter. State Street Corp bought a new position in The Glimpse Group during the first quarter worth about $77,000. Advisor Group Holdings Inc. acquired a new position in shares of The Glimpse Group during the fourth quarter worth about $86,000. Finally, NorthRock Partners LLC bought a new stake in The Glimpse Group in the 4th quarter valued at approximately $99,000. Hedge funds and other institutional investors own 2.59% of the company’s stock.
The Glimpse Group Company Profile (Get Rating)
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 and AR content; Adept XR Learning, which provides higher education learning and corporate VR training solutions; PostReality, a cloud-based software as a service solution that enables users to create AR presentations; and XR Platform, a cloud-based, scalable and secure backend infrastructure, including proprietary cloud image recognition technology, online storage, creation and management of subscription plans, and invoicing and payments designed for VR/AR companies.
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