Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Update

Wearable Devices Ltd. (NASDAQ:WLDS) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 56,877 shares, a decrease of 64.7% from the June 15th total of 161,124 shares. Based on an average daily volume of 208,108 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.8% of the shares of the company are short sold.

Analyst Ratings Changes

A number of brokerages have issued reports on WLDS. Wall Street Zen raised 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 research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Wearable Devices stock. Armistice Capital LLC bought a new position in Wearable Devices Ltd. (NASDAQ:WLDS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned approximately 6.31% of Wearable Devices at the end of the most recent reporting period. Institutional investors own 0.24% of the company’s stock.

Wearable Devices Stock Up 0.7%

WLDS traded up $0.01 during trading on Wednesday, hitting $1.51. The company’s stock had a trading volume of 17,278 shares, compared to its average volume of 493,180. The business’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $5.31. Wearable Devices has a twelve month low of $1.41 and a twelve month high of $102.60.

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.