Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Down 57.1% in April

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 251,700 shares, a decline of 57.1% from the March 31st total of 587,200 shares. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is currently 0.2 days. Currently, 2.0% of the company’s stock are short sold.

Wearable Devices Price Performance

Shares of WLDS opened at $0.37 on Friday. Wearable Devices has a 1-year low of $0.26 and a 1-year high of $2.56. The company’s fifty day simple moving average is $0.50 and its 200 day simple moving average is $0.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.20 and a current ratio of 3.78.

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 Inspire 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.