zSpace, Inc (NASDAQ:ZSPC) Short Interest Update

zSpace, Inc (NASDAQ:ZSPC) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,140,932 shares, a growth of 37.9% from the November 30th total of 827,113 shares. Based on an average daily volume of 1,618,179 shares, the days-to-cover ratio is currently 0.7 days. Approximately 8.9% of the company’s shares are short sold. Approximately 8.9% of the company’s shares are short sold. Based on an average daily volume of 1,618,179 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZSPC. Millennium Management LLC purchased a new stake in zSpace during the 3rd quarter worth about $25,000. Invesco Ltd. acquired a new position in shares of zSpace during the first quarter worth about $170,000. Finally, XTX Topco Ltd purchased a new stake in shares of zSpace during the second quarter worth approximately $39,000.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen downgraded zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Barrington Research lowered their target price on shares of zSpace from $5.00 to $3.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Northland Capmk downgraded shares of zSpace from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

zSpace Price Performance

Shares of NASDAQ:ZSPC opened at $0.50 on Wednesday. The firm has a market capitalization of $14.65 million and a PE ratio of -0.64. zSpace has a 1 year low of $0.36 and a 1 year high of $26.79. The firm’s 50-day moving average is $0.64 and its two-hundred day moving average is $1.67.

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

About zSpace

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.