Short Interest in Wearable Devices Ltd. (NASDAQ:WLDS) Declines By 89.8%

Wearable Devices Ltd. (NASDAQ:WLDS) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 10,700 shares, a decrease of 89.8% from the February 28th total of 104,900 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 93,400 shares, the days-to-cover ratio is presently 0.1 days.

Wearable Devices Price Performance

Shares of NASDAQ:WLDS opened at $2.08 on Thursday. The business’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $9.14. Wearable Devices has a 12-month low of $1.65 and a 12-month high of $54.40. The company has a current ratio of 1.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08.

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.