Wetouch Technology Inc. (NASDAQ:WETH) Sees Significant Decrease in Short Interest

Wetouch Technology Inc. (NASDAQ:WETH) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,300 shares, a drop of 75.0% from the August 31st total of 17,200 shares. Based on an average daily volume of 130,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 130,100 shares, the days-to-cover ratio is presently 0.0 days.

Wetouch Technology Trading Up 1.6%

NASDAQ WETH opened at $1.25 on Wednesday. Wetouch Technology has a 1 year low of $0.76 and a 1 year high of $2.96. The company has a fifty day simple moving average of $1.04 and a 200 day simple moving average of $1.06. The company has a market cap of $14.91 million, a P/E ratio of 2.50 and a beta of -0.47.

Wetouch Technology (NASDAQ:WETH) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $3.63 million for the quarter. Wetouch Technology has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Wetouch Technology

An institutional investor recently bought a new position in Wetouch Technology stock. Argentarii LLC purchased a new stake in Wetouch Technology Inc. (NASDAQ:WETH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 94,318 shares of the company’s stock, valued at approximately $137,000. Argentarii LLC owned 0.79% of Wetouch Technology at the end of the most recent reporting period.

Wetouch Technology Company Profile

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.