zSpace, Inc (NASDAQ:ZSPC) Short Interest Update

zSpace, Inc (NASDAQ:ZSPC) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 3,099,331 shares, a growth of 686.4% from the March 31st total of 394,137 shares. Based on an average daily trading volume, of 54,217,450 shares, the days-to-cover ratio is currently 0.1 days. Approximately 219.7% of the company’s stock are short sold.

zSpace Stock Performance

NASDAQ ZSPC opened at $0.44 on Friday. The stock has a market cap of $1.34 million, a PE ratio of -0.02 and a beta of 1.16. The firm has a 50-day moving average of $4.05 and a 200-day moving average of $11.90. zSpace has a 52-week low of $0.42 and a 52-week high of $247.50.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZSPC shares. Weiss Ratings reissued a “sell (e+)” rating on shares of zSpace in a research report on Monday. Wall Street Zen downgraded shares of zSpace to a “strong sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.00.

Insider Buying and Selling at zSpace

In other news, major shareholder Aqr Capital Management Holding purchased 34,428 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were purchased at an average cost of $1.75 per share, with a total value of $60,249.00. Following the completion of the transaction, the insider owned 190,257 shares of the company’s stock, valued at $332,949.75. The trade was a 22.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,945 shares of company stock valued at $3,407 over the last three months. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On zSpace

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in zSpace during the second quarter worth approximately $39,000. Millennium Management LLC acquired a new position in zSpace in the 3rd quarter valued at $25,000. AQR Capital Management LLC bought a new stake in shares of zSpace during the 4th quarter valued at $25,000. HRT Financial LP acquired a new stake in shares of zSpace during the 4th quarter worth $27,000. Finally, Geode Capital Management LLC grew its holdings in shares of zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after purchasing an additional 68,150 shares in the last quarter.

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.