Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Down 48.9% in September

Wearable Devices Ltd. (NASDAQ:WLDS) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 521,400 shares, a decrease of 48.9% from the September 15th total of 1,020,000 shares. Approximately 9.9% of the company’s shares are short sold. Based on an average daily volume of 8,030,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 8,030,000 shares, the short-interest ratio is currently 0.1 days. Approximately 9.9% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have issued reports on WLDS. Wall Street Zen upgraded shares of Wearable Devices to a “sell” rating in a report on Saturday, October 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Wearable Devices in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wearable Devices presently has an average rating of “Sell”.

Wearable Devices Stock Down 11.8%

NASDAQ WLDS opened at $2.98 on Monday. Wearable Devices has a 12 month low of $1.00 and a 12 month high of $16.92. The company has a 50-day moving average of $3.33 and a 200-day moving average of $2.25.

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.