The Glimpse Group, Inc. (NASDAQ:VRAR – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 369,700 shares, a growth of 383.9% from the August 31st total of 76,400 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily volume of 82,800 shares, the short-interest ratio is currently 4.5 days.
Institutional Investors Weigh In On The Glimpse Group
A hedge fund recently raised its stake in The Glimpse Group stock. NorthRock Partners LLC boosted its holdings in shares of The Glimpse Group, Inc. (NASDAQ:VRAR – Free Report) by 100.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. NorthRock Partners LLC owned approximately 1.19% of The Glimpse Group worth $224,000 as of its most recent filing with the Securities and Exchange Commission. 21.41% of the stock is currently owned by institutional investors.
The Glimpse Group Stock Performance
NASDAQ VRAR opened at $0.73 on Wednesday. The stock has a fifty day moving average of $0.87 and a 200-day moving average of $1.04. The stock has a market capitalization of $13.25 million, a P/E ratio of -0.48 and a beta of 2.05. The Glimpse Group has a 52 week low of $0.70 and a 52 week high of $3.41.
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.
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