Wearable Devices Ltd. (NASDAQ:WLDS) Sees Significant Drop in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 49,300 shares, a drop of 57.9% from the January 15th total of 117,200 shares. Based on an average daily trading volume, of 846,300 shares, the short-interest ratio is currently 0.1 days. Currently, 2.5% of the company’s stock are sold short.

Wearable Devices Trading Up 2.7 %

Shares of WLDS opened at $0.79 on Thursday. The firm’s 50 day moving average price is $1.52 and its two-hundred day moving average price is $3.75. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08. Wearable Devices has a twelve month low of $0.73 and a twelve month high of $16.00.

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.