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

Wearable Devices Ltd. (NASDAQ:WLDS) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 117,200 shares, a growth of 275.6% from the December 31st total of 31,200 shares. Based on an average trading volume of 749,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.0% of the shares of the company are sold short.

Wearable Devices Stock Up 26.5 %

WLDS opened at $1.13 on Friday. The stock’s 50 day simple moving average is $1.69 and its 200-day simple moving average is $4.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.34. Wearable Devices has a 1 year low of $0.83 and a 1 year high of $16.00.

About Wearable Devices

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.