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

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a large 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. Currently, 4.8% of the shares of the company are short sold.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Wearable Devices from a “strong sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wearable Devices Price Performance

Shares of WLDS opened at $1.59 on Monday. The stock’s 50 day moving average is $2.37 and its two-hundred day moving average is $5.45. Wearable Devices has a twelve month low of $1.47 and a twelve month high of $102.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wearable Devices stock. Armistice Capital LLC acquired a new position in Wearable Devices Ltd. (NASDAQ:WLDS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned approximately 6.31% of Wearable Devices as of its most recent filing with the Securities and Exchange Commission (SEC). 0.24% of the stock is 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.