Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Up 859.1% in May

Posted by Brenda Bartman on Jun 11th, 2026

Wetouch Technology Inc. (NASDAQ:WETH – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 30,738 shares, a growth of 859.1% from the May 14th total of 3,205 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 184,786 shares, the days-to-cover ratio is presently 0.2 days.

Wetouch Technology Trading Down 0.4%

Shares of NASDAQ WETH traded down $0.01 during midday trading on Thursday, hitting $1.42. 63,382 shares of the company’s stock were exchanged, compared to its average volume of 67,393. Wetouch Technology has a 12-month low of $0.77 and a 12-month high of $3.68. The company has a market cap of $16.88 million, a price-to-earnings ratio of 1.99 and a beta of 0.75. The business’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.62.

Wetouch Technology (NASDAQ:WETH – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.32 EPS for the quarter. The company had revenue of $16.31 million during the quarter. Wetouch Technology had a return on equity of 6.18% and a net margin of 18.34%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Wetouch Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Research Report on WETH

Institutional Trading of Wetouch Technology

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in Wetouch Technology by 12.2% in the 4th quarter. Renaissance Technologies LLC now owns 56,200 shares of the company’s stock worth $75,000 after buying an additional 6,100 shares during the last quarter. XTX Topco Ltd lifted its position in Wetouch Technology by 64.2% in the fourth quarter. XTX Topco Ltd now owns 33,537 shares of the company’s stock valued at $45,000 after purchasing an additional 13,117 shares during the last quarter. Primoris Wealth Advisors LLC bought a new stake in Wetouch Technology in the fourth quarter valued at approximately $29,000. Lepercq De Neuflize Asset Management LLC lifted its position in Wetouch Technology by 71.8% in the fourth quarter. Lepercq De Neuflize Asset Management LLC now owns 133,908 shares of the company’s stock valued at $179,000 after purchasing an additional 55,954 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Wetouch Technology by 176.6% in the fourth quarter. Jane Street Group LLC now owns 95,917 shares of the company’s stock valued at $129,000 after purchasing an additional 61,237 shares during the last quarter.

Wetouch Technology Company Profile

(Get Free Report)

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.