Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Down 59.8% in January

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 119,200 shares, a decrease of 59.8% from the January 15th total of 296,200 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 324,500 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Wetouch Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in Wetouch Technology during the 3rd quarter worth $31,000. Renaissance Technologies LLC acquired a new position in shares of Wetouch Technology during the fourth quarter worth about $33,000. Virtu Financial LLC purchased a new position in Wetouch Technology during the third quarter worth about $34,000. Finally, Lepercq De Neuflize Asset Management LLC acquired a new stake in Wetouch Technology in the fourth quarter valued at about $120,000.

Wetouch Technology Stock Up 4.0 %

Wetouch Technology stock traded up $0.06 during mid-day trading on Friday, reaching $1.55. 76,016 shares of the company were exchanged, compared to its average volume of 378,047. The firm’s 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $1.71. Wetouch Technology has a twelve month low of $1.13 and a twelve month high of $7.74.

About Wetouch Technology

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.