Wearable Devices Ltd. (NASDAQ:WLDS) Sees Significant Increase in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 393,722 shares, a growth of 27.3% from the January 15th total of 309,253 shares. Based on an average daily volume of 376,992 shares, the days-to-cover ratio is presently 1.0 days. Approximately 6.6% of the shares of the company are short sold. Approximately 6.6% of the shares of the company are short sold. Based on an average daily volume of 376,992 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Wearable Devices in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wearable Devices has an average rating of “Sell”.

Hedge Funds Weigh In On Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Kathmere Capital Management LLC acquired a new stake in shares of Wearable Devices Ltd. (NASDAQ:WLDS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 134,500 shares of the company’s stock, valued at approximately $655,000. Kathmere Capital Management LLC owned approximately 2.38% of Wearable Devices as of its most recent SEC filing. 0.24% of the stock is owned by institutional investors and hedge funds.

Wearable Devices Stock Performance

NASDAQ WLDS traded up $0.00 during mid-day trading on Tuesday, reaching $0.85. 156,430 shares of the stock were exchanged, compared to its average volume of 310,882. The business’s 50 day moving average is $1.20 and its 200-day moving average is $2.22. Wearable Devices has a 1 year low of $0.82 and a 1 year high of $11.40.

About Wearable Devices

Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, personal computers and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system (OS) software package and algorithm package to customers.