Wearable Devices Ltd. (NASDAQ:WLDSW) Sees Large Growth in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDSW) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 250 shares, an increase of 108.3% from the March 15th total of 120 shares. Based on an average daily trading volume, of 27 shares, the days-to-cover ratio is currently 9.3 days.

Wearable Devices Price Performance

Shares of WLDSW traded down $0.50 during midday trading on Tuesday, reaching $2.60. The stock had a trading volume of 24 shares, compared to its average volume of 407. Wearable Devices has a 12-month low of $2.16 and a 12-month high of $17.97. The company’s 50-day moving average is $3.48 and its 200 day moving average is $5.50.

Wearable Devices Company Profile

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 Inspire 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. It serves consumer electronics companies, industrial companies, information technology and software solutions providers, software development studios, academia and research universities, and B2C market.