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

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant increase in short interest in the month of 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. Approximately 6.6% of the company’s shares are short sold. Based on an average daily volume of 376,992 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 376,992 shares, the days-to-cover ratio is currently 1.0 days. Approximately 6.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Wearable Devices

A hedge fund recently bought a new stake in Wearable Devices stock. Kathmere Capital Management LLC acquired a new stake in Wearable Devices Ltd. (NASDAQ:WLDS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 134,500 shares of the company’s stock, valued at approximately $655,000. Kathmere Capital Management LLC owned approximately 2.38% of Wearable Devices at the end of the most recent quarter. 0.24% of the stock is currently owned by institutional investors and hedge funds.

Wearable Devices Price Performance

NASDAQ WLDS opened at $0.85 on Monday. The business has a 50 day simple moving average of $1.22 and a 200 day simple moving average of $2.23. Wearable Devices has a 52-week low of $0.83 and a 52-week high of $11.40.

Wall Street Analyst Weigh In

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

About Wearable Devices

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.