Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Down 40.2% in January

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 309,253 shares, a decline of 40.2% from the December 31st total of 516,927 shares. Based on an average daily trading volume, of 387,231 shares, the days-to-cover ratio is currently 0.8 days. Currently, 5.2% of the shares of the stock are sold short. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 387,231 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Kathmere Capital Management LLC purchased a new position in shares of Wearable Devices Ltd. (NASDAQ:WLDS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 134,500 shares of the company’s stock, valued at approximately $655,000. Kathmere Capital Management LLC owned approximately 2.38% of Wearable Devices as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.24% of the company’s stock.

Wearable Devices Trading Down 7.3%

WLDS opened at $0.94 on Friday. The stock has a 50-day moving average price of $1.42 and a 200-day moving average price of $2.26. Wearable Devices has a 12-month low of $0.91 and a 12-month high of $11.40.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wall Street Zen raised 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 research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.