Waldencast plc (NASDAQ:WALDW) Short Interest Down 16.6% in September

Waldencast plc (NASDAQ:WALDW) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 25,100 shares, a drop of 16.6% from the August 31st total of 30,100 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 3.5 days.

Waldencast Price Performance

Shares of WALDW stock opened at $0.16 on Friday. The business’s 50-day moving average price is $0.15 and its 200-day moving average price is $0.29. Waldencast has a 12 month low of $0.09 and a 12 month high of $1.24.

Institutional Trading of Waldencast

A hedge fund recently raised its stake in Waldencast stock. Clear Street LLC increased its stake in Waldencast plc (NASDAQ:WALDW) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,207 shares of the company’s stock after acquiring an additional 25,757 shares during the quarter. Clear Street LLC’s holdings in Waldencast were worth $144,000 at the end of the most recent reporting period.

About Waldencast

Waldencast plc operates in the beauty and wellness industry. It engages in developing, acquiring, accelerating, and scaling various brands. The company provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.