Short Interest in zSpace, Inc (NASDAQ:ZSPC) Decreases By 47.1%

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 trading volume, of 768,420 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.7% of the company’s stock are short sold. Approximately 4.7% of the company’s stock are short sold. Based on an average daily trading volume, of 768,420 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

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

zSpace Stock Performance

NASDAQ ZSPC opened at $0.55 on Friday. The firm has a market capitalization of $16.10 million and a P/E ratio of -0.70. The stock has a 50-day simple moving average of $0.52 and a two-hundred day simple moving average of $1.44. zSpace has a fifty-two week low of $0.36 and a fifty-two week high of $26.79.

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

Hedge Funds Weigh In On zSpace

A hedge fund recently bought a new position in zSpace stock. XTX Topco Ltd bought a new position in shares of zSpace, Inc (NASDAQ:ZSPC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned approximately 0.05% of zSpace as of its most recent SEC filing.

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.