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

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 31,200 shares, a decrease of 46.3% from the December 31st total of 58,100 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 741,900 shares, the short-interest ratio is presently 0.0 days.

Wearable Devices Stock Up 3.9 %

WLDS stock opened at $0.89 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.34. The business has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $4.27. 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.