zSpace, Inc (NASDAQ:ZSPC) Short Interest Update

zSpace, Inc (NASDAQ:ZSPC) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 603,475 shares, a drop of 47.1% from the December 15th total of 1,140,932 shares. Based on an average daily volume of 768,420 shares, the short-interest ratio is presently 0.8 days. Currently, 4.7% of the company’s stock are short sold. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 768,420 shares, the short-interest ratio is presently 0.8 days.

zSpace Price Performance

zSpace stock opened at $0.57 on Friday. The company’s 50-day moving average is $0.52 and its 200-day moving average is $1.45. The firm has a market capitalization of $16.42 million and a PE ratio of -0.72. zSpace has a fifty-two week low of $0.36 and a fifty-two week high of $26.79.

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

Analysts Set New Price Targets

Several research analysts recently commented on ZSPC shares. Wall Street Zen cut shares of zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Northland Capmk cut shares of zSpace from a “strong-buy” rating to a “hold” rating 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, October 8th. Finally, Barrington Research lowered their target price on zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, zSpace has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in zSpace stock. Millennium Management LLC acquired a new position in shares of zSpace, Inc (NASDAQ:ZSPC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,148 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.09% of zSpace as of its most recent SEC filing.

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.