Brightline Interactive (NASDAQ:BTLN) Stock Short Interest Report for September

Brightline Interactive (NASDAQ:BTLN) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 75,363 shares, a decrease of 78.1% from the September 15th total of 344,832 shares. Based on an average trading volume of 42,164 shares, the short-interest ratio is currently 1.8 days. Currently, 3.4% of the shares of the company are sold short.

Institutional Trading of Brightline Interactive

Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in Brightline Interactive during the 2nd quarter valued at approximately $31,000. Valeo Financial Advisors LLC acquired a new stake in shares of Brightline Interactive in the second quarter worth $62,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Brightline Interactive in the second quarter worth $192,000. 21.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brightline Interactive Stock Down 2.1%

Shares of NASDAQ:BTLN traded down $0.11 during trading on Friday, hitting $5.16. The stock had a trading volume of 2,746 shares, compared to its average volume of 41,348. Brightline Interactive has a 12-month low of $3.36 and a 12-month high of $13.99. The stock has a market capitalization of $13.99 million, a price-to-earnings ratio of -0.91 and a beta of 1.31. The stock has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $5.98.

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

About Brightline Interactive

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.