Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Up 28.4% in November

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 155,700 shares, an increase of 28.4% from the November 15th total of 121,300 shares. Based on an average trading volume of 304,400 shares, the short-interest ratio is currently 0.5 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Wetouch Technology

A hedge fund recently bought a new stake in Wetouch Technology stock. XTX Topco Ltd acquired a new position in Wetouch Technology Inc. (NASDAQ:WETH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,194 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.13% of Wetouch Technology as of its most recent SEC filing.

Wetouch Technology Stock Down 2.4 %

Shares of NASDAQ WETH opened at $1.66 on Monday. The company has a fifty day moving average price of $1.78 and a 200 day moving average price of $1.93. Wetouch Technology has a 1-year low of $1.13 and a 1-year high of $8.20.

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.