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

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 58,700 shares, anincreaseof97.0% from the July 31st total of 29,800 shares. Based on an average trading volume of 580,700 shares, the short-interest ratio is currently 0.1 days. Approximately6.1% of the company’s stock are sold short. Approximately6.1% of the company’s stock are sold short. Based on an average trading volume of 580,700 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

Wearable Devices Stock Down 1.8%

NASDAQ WLDS opened at $1.07 on Friday. Wearable Devices has a one year low of $1.02 and a one year high of $27.51. The stock has a 50-day moving average of $1.39 and a 200 day moving average of $1.79. The company has a current ratio of 2.63, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01.

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 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.