Short Interest in The Glimpse Group, Inc. (NASDAQ:VRAR) Drops By 62.2%

The Glimpse Group, Inc. (NASDAQ:VRAR) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 65,400 shares, a drop of 62.2% from the June 15th total of 173,000 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 31,700 shares, the short-interest ratio is currently 2.1 days.

The Glimpse Group Trading Up 3.0 %

VRAR traded up $0.03 on Thursday, hitting $1.04. 36,208 shares of the stock traded hands, compared to its average volume of 43,895. The business has a fifty day moving average price of $1.08 and a two-hundred day moving average price of $1.20. The firm has a market capitalization of $18.88 million, a PE ratio of -0.67 and a beta of 2.05. The Glimpse Group has a 52 week low of $0.86 and a 52 week high of $4.09.

The Glimpse Group (NASDAQ:VRAR) last issued its earnings results on Wednesday, May 15th. The company reported ($0.09) EPS for the quarter. The Glimpse Group had a negative net margin of 216.98% and a negative return on equity of 154.35%. The firm had revenue of $1.90 million during the quarter.

Institutional Trading of The Glimpse Group

Institutional investors have recently made changes to their positions in the business. Vontobel Holding Ltd. boosted its holdings in The Glimpse Group by 135.4% during the fourth quarter. Vontobel Holding Ltd. now owns 31,534 shares of the company’s stock valued at $36,000 after purchasing an additional 18,136 shares in the last quarter. Cross Staff Investments Inc lifted its position in shares of The Glimpse Group by 800.0% during the 4th quarter. Cross Staff Investments Inc now owns 180,000 shares of the company’s stock worth $203,000 after buying an additional 160,000 shares during the period. NorthRock Partners LLC boosted its stake in The Glimpse Group by 100.0% in the 1st quarter. NorthRock Partners LLC now owns 200,000 shares of the company’s stock valued at $224,000 after buying an additional 100,000 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in The Glimpse Group in the first quarter valued at $51,000. 21.41% of the stock is currently owned by institutional investors and hedge funds.

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.