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

The Glimpse Group, Inc. (NASDAQ:VRAR - Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 894,300 shares, an increase 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 daily volume of 2,530,000 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reiterated a "buy" rating and issued a $4.67 price objective on shares of The Glimpse Group in a report on Tuesday.

The Glimpse Group Price Performance

NASDAQ:VRAR traded down $0.22 during mid-day trading on Friday, hitting $3.08. 2,666,406 shares of the company's stock were exchanged, compared to its average volume of 720,185. The company has a market cap of $55.98 million, a PE ratio of -7.16 and a beta of 1.98. The Glimpse Group has a one year low of $0.50 and a one year high of $7.00. The business has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.00.

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

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.