zSpace, Inc (NASDAQ:ZSPC) Sees Significant Decrease in Short Interest

zSpace, Inc (NASDAQ:ZSPC) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 433,764 shares, a decrease of 35.6% from the January 15th total of 673,161 shares. Based on an average daily volume of 1,017,528 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.4% of the shares of the company are short sold. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,017,528 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in zSpace during the 4th quarter valued at approximately $57,000. HRT Financial LP bought a new position in shares of zSpace during the 4th quarter valued at approximately $27,000. Geode Capital Management LLC grew its holdings in shares of zSpace by 134.0% in the fourth quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock valued at $56,000 after purchasing an additional 68,150 shares in the last quarter. Millennium Management LLC purchased a new position in shares of zSpace in the third quarter valued at $25,000. Finally, XTX Topco Ltd bought a new stake in zSpace in the second quarter worth $39,000.

zSpace Stock Performance

Shares of ZSPC stock opened at $0.25 on Friday. zSpace has a 52-week low of $0.24 and a 52-week high of $26.79. The firm has a market capitalization of $7.35 million, a PE ratio of -0.32 and a beta of -0.55. The stock has a fifty day simple moving average of $0.48 and a two-hundred day simple moving average of $1.10.

zSpace (NASDAQ:ZSPC) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The firm had revenue of $8.79 million during the quarter, compared to analyst estimates of $8.43 million.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZSPC shares. Northland Securities lowered shares of zSpace from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Barrington Research cut their price objective on shares of zSpace from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.00.

zSpace Company Profile

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.