Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Update

Wearable Devices Ltd. (NASDAQ:WLDS) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 197,761 shares, a decrease of 37.4% from the May 14th total of 315,814 shares. Approximately 5.6% of the shares of the stock are short sold. Based on an average daily volume of 305,823 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

WLDS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wearable Devices in a research report on Friday, March 27th. Wall Street Zen upgraded Wearable Devices from a “strong sell” rating to a “hold” rating in a research report on Sunday, March 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Wearable Devices Price Performance

Shares of Wearable Devices stock opened at $0.80 on Wednesday. The business has a 50 day simple moving average of $1.05 and a two-hundred day simple moving average of $2.40. Wearable Devices has a 12 month low of $0.73 and a 12 month high of $34.20.

Institutional Investors Weigh In On Wearable Devices

A hedge fund recently raised its stake in Wearable Devices stock. Kathmere Capital Management LLC lifted its stake in Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,300 shares of the company’s stock after purchasing an additional 56,800 shares during the quarter. Kathmere Capital Management LLC owned about 3.21% of Wearable Devices worth $218,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.24% of the company’s stock.

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.