Wearable Devices Ltd. (NASDAQ:WLDS) Sees Large Increase in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 399,320 shares, an increase of 88.8% from the April 15th total of 211,559 shares. Approximately 11.3% of the company’s shares are sold short. Based on an average daily trading volume, of 13,605,027 shares, the short-interest ratio is presently 0.0 days.

Wearable Devices Price Performance

NASDAQ WLDS traded down $0.02 on Friday, reaching $0.94. The company’s stock had a trading volume of 164,583 shares, compared to its average volume of 7,699,876. Wearable Devices has a twelve month low of $0.93 and a twelve month high of $34.20. The firm’s 50 day moving average is $1.37 and its two-hundred day moving average is $3.30.

Institutional Trading of Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Armistice Capital LLC acquired a new position in shares of Wearable Devices Ltd. (NASDAQ:WLDS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned 6.31% of Wearable Devices at the end of the most recent quarter. Institutional investors and hedge funds own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WLDS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Wearable Devices from a “strong sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus 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.