Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Up 29.1% in March

Wetouch Technology Inc. (NASDAQ:WETH) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 61,200 shares, a growth of 29.1% from the February 28th total of 47,400 shares. Based on an average daily volume of 253,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Wetouch Technology during the third quarter worth approximately $31,000. Renaissance Technologies LLC acquired a new stake in shares of Wetouch Technology during the fourth quarter worth $33,000. Virtu Financial LLC bought a new position in Wetouch Technology in the third quarter worth about $34,000. Finally, Lepercq Multi Asset Fund bought a new stake in Wetouch Technology in the fourth quarter valued at $120,000.

Wetouch Technology Stock Performance

Shares of WETH stock opened at $1.47 on Wednesday. Wetouch Technology has a twelve month low of $1.13 and a twelve month high of $3.62. The firm has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.66.

Wetouch Technology Company Profile

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.