Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Down 20.1% in November

Wetouch Technology Inc. (NASDAQ:WETH) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 121,300 shares, a drop of 20.1% from the October 31st total of 151,900 shares. Based on an average trading volume of 284,400 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are sold short.

Wetouch Technology Price Performance

Shares of NASDAQ WETH opened at $1.70 on Monday. The business has a 50-day moving average of $1.82 and a 200-day moving average of $1.94. Wetouch Technology has a 12 month low of $1.13 and a 12 month high of $8.20.

Hedge Funds Weigh In On Wetouch Technology

A hedge fund recently bought a new stake in Wetouch Technology stock. Virtu Financial LLC bought a new stake 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 institutional investor bought 16,614 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned about 0.14% of Wetouch Technology as of its most recent SEC filing.

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.