The Glimpse Group, Inc. (NASDAQ:VRAR) Short Interest Update

The Glimpse Group, Inc. (NASDAQ:VRARGet Rating) was the target of a significant drop in short interest during the month of December. As of December 30th, there was short interest totalling 124,200 shares, a drop of 38.4% from the December 15th total of 201,500 shares. Based on an average trading volume of 49,600 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $7.00 target price on shares of The Glimpse Group in a research note on Monday, December 19th.

The Glimpse Group Stock Performance

NASDAQ:VRAR opened at $3.76 on Wednesday. The business has a 50 day moving average price of $3.86 and a 200-day moving average price of $4.69. The Glimpse Group has a fifty-two week low of $2.50 and a fifty-two week high of $11.65. The firm has a market cap of $51.11 million, a PE ratio of -5.01 and a beta of 1.64.

The Glimpse Group (NASDAQ:VRARGet Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported ($0.40) earnings per share for the quarter. The firm had revenue of $3.95 million for the quarter. The Glimpse Group had a negative net margin of 95.07% and a negative return on equity of 33.53%.

Insider Buying and Selling at The Glimpse Group

In other The Glimpse Group news, Director Lemuel Amen acquired 10,000 shares of the stock in a transaction dated Friday, December 23rd. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $32,500.00. Following the acquisition, the director now owns 71,811 shares in the company, valued at approximately $233,385.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 39,939 shares of company stock worth $116,985 over the last ninety days. Insiders own 26.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of The Glimpse Group by 374.0% in the 3rd quarter. Vanguard Group Inc. now owns 703,343 shares of the company’s stock worth $3,721,000 after buying an additional 554,965 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in The Glimpse Group in the second quarter worth $230,000. Private Advisor Group LLC bought a new stake in The Glimpse Group in the second quarter valued at $183,000. Personal Capital Advisors Corp purchased a new position in The Glimpse Group during the 3rd quarter valued at $212,000. Finally, NorthRock Partners LLC raised its holdings in The Glimpse Group by 199.4% in the 3rd quarter. NorthRock Partners LLC now owns 60,061 shares of the company’s stock worth $318,000 after purchasing an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 8.29% 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 interactive digital models and experiences in AR; Adept XR Learning, which provides VR/AR solutions for higher education learning and corporate training; PostReality that offers AR presentation tools for design, creation, and collaboration; D6 VR, which provides VR/AR data visualization, data-analysis tools, and collaboration for financial services and other data intensive industries; 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.

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