Short Interest in Wetouch Technology Inc. (NASDAQ:WETH) Drops By 56.2%

Posted by ABMN Staff on Mar 13th, 2025

Wetouch Technology Inc. (NASDAQ:WETH – Get Free Report) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 47,400 shares, a decrease of 56.2% from the February 13th total of 108,300 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 280,500 shares, the days-to-cover ratio is presently 0.2 days.

Wetouch Technology Trading Down 2.2 %

Shares of WETH stock opened at $1.36 on Thursday. The business’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.69. Wetouch Technology has a 12-month low of $1.13 and a 12-month high of $5.10.

Institutional Investors Weigh In On Wetouch Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lepercq Multi Asset Fund acquired a new stake in shares of Wetouch Technology in the fourth quarter valued at about $120,000. Virtu Financial LLC lifted its position in shares of Wetouch Technology by 267.8% in the fourth quarter. Virtu Financial LLC now owns 61,103 shares of the company’s stock valued at $108,000 after acquiring an additional 44,489 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Wetouch Technology in the fourth quarter worth approximately $33,000. Finally, XTX Topco Ltd acquired a new position in Wetouch Technology in the 3rd quarter valued at $31,000.

About Wetouch Technology

(Get Free Report)

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.