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

Wearable Devices Ltd. (NASDAQ:WLDS – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 37,539 shares, a growth of 56.8% from the September 15th total of 23,943 shares. Based on an average trading volume of 420,619 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.2% of the company’s stock are sold short.

Analyst Ratings Changes

A number of analysts have recently weighed in on WLDS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Wearable Devices in a research report on Monday, September 21st. Wall Street Zen cut Wearable Devices from a “hold” rating to a “sell” rating in a research note on Sunday, August 30th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on WLDS

Wearable Devices Price Performance

Shares of NASDAQ WLDS traded down $0.02 during mid-day trading on Friday, reaching $1.25. 53,590 shares of the company traded hands. Wearable Devices has a fifty-two week low of $1.15 and a fifty-two week high of $30.41. The stock has a fifty day simple moving average of $1.90 and a 200-day simple moving average of $2.49.

Wearable Devices (NASDAQ:WLDS – Get Free Report) last announced its earnings results on Monday, August 24th. The company reported ($1.75) earnings per share for the quarter. The company had revenue of $0.17 million during the quarter.

Wearable Devices Company Profile

(Get Free Report)

Wearable Devices Ltd. is an Israel-based technology company that develops wearable human-computer interface products. Its technology is designed to interpret subtle neural signals from the wrist and translate them into digital commands, enabling users to control compatible devices without conventional touch or physical input.

The company’s principal product is the Mudra Band, a wrist-worn device intended to support gesture-based interaction with computers, smartphones, augmented- and virtual-reality systems, and other digital platforms.

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