Short Interest in Wearable Devices Ltd. (NASDAQ:WLDS) Drops By 53.4%

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 104,900 shares, a decrease of 53.4% from the February 13th total of 225,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 343,500 shares, the days-to-cover ratio is presently 0.3 days.

Wearable Devices Stock Performance

Wearable Devices stock opened at $0.45 on Friday. Wearable Devices has a 52-week low of $0.45 and a 52-week high of $16.00. The company has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $2.64. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08.

Wearable Devices shares are set to reverse split on the morning of Monday, March 17th. The 1-4 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 14th.

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.