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

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

Waldencast Price Performance

Shares of Waldencast stock traded down $0.00 during trading hours on Thursday, reaching $0.17. 6,864 shares of the company’s stock were exchanged, compared to its average volume of 5,029. The business has a fifty day moving average of $0.14 and a two-hundred day moving average of $0.14. Waldencast has a 1 year low of $0.09 and a 1 year high of $0.87.

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.