Short Interest in Wearable Devices Ltd. (NASDAQ:WLDS) Declines By 49.4%

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 21,700 shares, a drop of 49.4% from the October 15th total of 42,900 shares. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.3% of the company’s shares are short sold.

Wearable Devices Price Performance

Wearable Devices stock opened at $1.94 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. Wearable Devices has a 12 month low of $1.91 and a 12 month high of $16.00. The stock has a 50-day moving average price of $4.51 and a two-hundred day moving average price of $6.88.

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.