Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Up 27.3% in January

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

Institutional Investors Weigh In On Wearable Devices

A hedge fund recently raised its stake in Wearable Devices stock. Kathmere Capital Management LLC lifted its stake in Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,300 shares of the company’s stock after purchasing an additional 56,800 shares during the period. Kathmere Capital Management LLC owned 3.21% of Wearable Devices worth $218,000 at the end of the most recent reporting period. 0.24% of the stock is currently owned by institutional investors.

Wearable Devices Price Performance

NASDAQ WLDS opened at $0.83 on Wednesday. Wearable Devices has a 1-year low of $0.82 and a 1-year high of $11.40. The business’s fifty day moving average price is $1.18 and its 200-day moving average price is $2.22.

Wall Street Analyst Weigh In

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

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.