Waldencast plc (NASDAQ:WALDW) Sees Significant Increase in Short Interest

Waldencast plc (NASDAQ:WALDW) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 31,400 shares, a growth of 52.4% from the November 30th total of 20,600 shares. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is currently 2.2 days.

Waldencast Price Performance

Waldencast stock opened at $0.14 on Monday. Waldencast has a fifty-two week low of $0.09 and a fifty-two week high of $0.98. The firm’s 50 day simple moving average is $0.13 and its 200-day simple moving average is $0.16.

About Waldencast

Waldencast plc operates in the beauty and wellness industry. It engages in developing, acquiring, accelerating, and scaling various brands. The company provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.