Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Up 48.5% in May

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 220,500 shares, an increase of 48.5% from the May 15th total of 148,500 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 22.9% of the shares of the company are sold short.

Wearable Devices Stock Down 2.0%

WLDS stock opened at $1.46 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $1.73 and a two-hundred day moving average price of $3.61. Wearable Devices has a one year low of $1.20 and a one year high of $50.40.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Wearable Devices to a “strong sell” rating in a research report on Friday, May 30th.

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.