Wearable Devices Ltd. (NASDAQ:WLDS) Sees Large Increase in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 27,500 shares, an increase of 26.7% from the October 31st total of 21,700 shares. Based on an average daily volume of 545,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.9% of the shares of the company are sold short.

Wearable Devices Stock Performance

WLDS opened at $1.93 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $6.39. Wearable Devices has a fifty-two week low of $1.32 and a fifty-two week 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.