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

Wearable Devices Ltd. (NASDAQ:WLDS) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 23,943 shares, a drop of 85.9% from the August 31st total of 169,495 shares. Based on an average daily volume of 231,086 shares, the short-interest ratio is currently 0.1 days. Currently, 2.0% of the shares of the stock are sold short.

Wearable Devices Stock Down 7.9%

NASDAQ WLDS opened at $1.51 on Friday. Wearable Devices has a 1-year low of $1.30 and a 1-year high of $51.30. The firm’s fifty day simple moving average is $2.35 and its 200-day simple moving average is $2.84.

Wearable Devices (NASDAQ:WLDS) last issued its earnings results on Monday, August 24th. The company reported ($1.75) EPS for the quarter. The business had revenue of $0.17 million during the quarter.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wearable Devices in a report on Monday. Wall Street Zen cut Wearable Devices from a “hold” rating to a “sell” rating in a report on Sunday, August 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Wearable Devices Company Profile

Wearable Devices Ltd. is an Israel-based technology company that develops wearable human-computer interface solutions. Its technology is designed to interpret subtle neural and muscle signals from the wrist and hand, enabling users to control digital devices through finger movements and gestures without relying solely on conventional touch interfaces.

The company’s primary product line is the Mudra platform, which includes wrist-worn devices and related software intended to provide touchless control for computers, smartphones, augmented-reality devices and other digital systems.