Brightline Interactive (NASDAQ:BTLN) Shares Shorted: Short Interest Down 78.1% in September

Posted by Geri Gentry on Oct 13th, 2026

Brightline Interactive (NASDAQ:BTLN – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 75,363 shares, a decline of 78.1% from the September 15th total of 344,832 shares. Based on an average trading volume of 42,164 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Brightline Interactive

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in Brightline Interactive during the second quarter valued at approximately $192,000. Valeo Financial Advisors LLC bought a new stake in Brightline Interactive in the second quarter worth approximately $62,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Brightline Interactive during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 21.41% of the company’s stock.

Brightline Interactive Price Performance

BTLN traded up $0.21 during trading on Tuesday, reaching $5.28. 6,471 shares of the stock traded hands, compared to its average volume of 31,400. The stock’s 50-day simple moving average is $6.59 and its two-hundred day simple moving average is $5.99. Brightline Interactive has a fifty-two week low of $3.36 and a fifty-two week high of $13.99. The stock has a market cap of $14.31 million, a price-to-earnings ratio of -0.93 and a beta of 1.31.

Brightline Interactive (NASDAQ:BTLN – Get Free Report) last issued its earnings results on Monday, September 28th. The company reported ($0.63) earnings per share for the quarter. Brightline Interactive had a negative return on equity of 65.03% and a negative net margin of 218.88%. The firm had revenue of ($3.03) million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brightline Interactive in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.96.

Read Our Latest Stock Report on Brightline Interactive

Brightline Interactive Company Profile

(Get Free Report)

The Glimpse Group, Inc is a diversified virtual reality and augmented reality technology company that develops, commercializes and invests in immersive technology businesses. Through its subsidiaries, the company provides software, hardware and professional services designed to help organizations use virtual, augmented and mixed reality in business operations, training, education, marketing and other applications.

The company’s portfolio has included businesses focused on enterprise solutions, immersive content, virtual events, 3D visualization, digital twins and related technologies.