Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Up 88.8% in April

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 399,320 shares, an increase of 88.8% from the April 15th total of 211,559 shares. Currently, 11.3% of the shares of the company are sold short. Based on an average daily trading volume, of 13,605,027 shares, the days-to-cover ratio is currently 0.0 days.

Wearable Devices Stock Down 9.1%

Wearable Devices stock traded down $0.08 during mid-day trading on Tuesday, hitting $0.79. The company’s stock had a trading volume of 177,871 shares, compared to its average volume of 1,698,508. The firm’s 50 day moving average is $1.34 and its 200 day moving average is $3.21. Wearable Devices has a 52-week low of $0.78 and a 52-week high of $34.20.

Analyst Ratings Changes

Several research analysts have recently issued reports on WLDS shares. Wall Street Zen upgraded Wearable Devices from a “strong sell” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Armistice Capital LLC acquired a new stake in Wearable Devices Ltd. (NASDAQ:WLDS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned approximately 6.31% of Wearable Devices as of its most recent filing with the SEC. 0.24% of the stock is currently owned by institutional investors.

Wearable Devices Company Profile

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.