Short Interest in Wearable Devices Ltd. (NASDAQ:WLDS) Decreases By 40.2%

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 309,253 shares, a drop of 40.2% from the December 31st total of 516,927 shares. Based on an average daily volume of 387,231 shares, the short-interest ratio is currently 0.8 days. Approximately 5.2% of the company’s stock are sold short. Approximately 5.2% of the company’s stock are sold short. Based on an average daily volume of 387,231 shares, the short-interest ratio is currently 0.8 days.

Wearable Devices Price Performance

Wearable Devices stock opened at $0.94 on Friday. Wearable Devices has a 12 month low of $0.91 and a 12 month high of $11.40. The stock has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $2.27.

Analysts Set New Price Targets

Several research firms recently weighed in on WLDS. Wall Street Zen upgraded Wearable Devices to a “sell” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Wearable Devices in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Wearable Devices

A hedge fund recently bought a new stake in Wearable Devices stock. Kathmere Capital Management LLC purchased a new position in Wearable Devices Ltd. (NASDAQ:WLDS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 134,500 shares of the company’s stock, valued at approximately $655,000. Kathmere Capital Management LLC owned 2.38% of Wearable Devices as of its most recent SEC filing. 0.24% of the stock is currently owned by institutional investors and hedge funds.

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.