Short Interest in Wetouch Technology Inc. (NASDAQ:WETH) Declines By 20.1%

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 121,300 shares, a drop of 20.1% from the October 31st total of 151,900 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 284,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Wetouch Technology

An institutional investor recently bought a new position in Wetouch Technology stock. Virtu Financial LLC purchased a new position in Wetouch Technology Inc. (NASDAQ:WETH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,614 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned 0.14% of Wetouch Technology at the end of the most recent reporting period.

Wetouch Technology Stock Down 0.6 %

Shares of NASDAQ WETH opened at $1.70 on Monday. Wetouch Technology has a one year low of $1.13 and a one year high of $8.20. The business’s fifty day moving average price is $1.82 and its 200-day moving average price is $1.94.

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.