Wearable Devices Ltd. (NASDAQ:WLDS) Sees Significant Decrease in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 148,500 shares, a decline of 84.7% from the April 30th total of 968,200 shares. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is currently 0.1 days. Approximately 15.4% of the shares of the stock are short sold.

Wearable Devices Stock Performance

Shares of Wearable Devices stock remained flat at $1.64 during trading hours on Wednesday. 85,023 shares of the stock were exchanged, compared to its average volume of 342,069. The business’s 50 day simple moving average is $1.84 and its 200 day simple moving average is $4.19. Wearable Devices has a 12-month low of $1.20 and a 12-month high of $54.40. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08.

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.