Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Down 57.9% in January

Wearable Devices Ltd. (NASDAQ:WLDS) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 49,300 shares, a drop of 57.9% from the January 15th total of 117,200 shares. Based on an average daily volume of 846,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.5% of the company’s shares are short sold.

Wearable Devices Stock Performance

Shares of Wearable Devices stock opened at $0.79 on Thursday. The firm has a fifty day moving average of $1.52 and a two-hundred day moving average of $3.75. The company has a current ratio of 1.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. Wearable Devices has a 52 week low of $0.73 and a 52 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.