Waldencast plc (NASDAQ:WALDW) Sees Significant Drop in Short Interest

Waldencast plc (NASDAQ:WALDW) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 18,000 shares, a decrease of 42.7% from the December 15th total of 31,400 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is currently 1.2 days.

Waldencast Trading Down 5.9 %

Shares of WALDW opened at $0.11 on Tuesday. Waldencast has a 52-week low of $0.09 and a 52-week high of $0.98. The business’s fifty day moving average is $0.14 and its 200-day moving average is $0.15.

Waldencast Company Profile

Waldencast plc operates in the beauty and wellness industry. It engages in developing, acquiring, accelerating, and scaling various brands. The company provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.