Wearable Devices Ltd. (NASDAQ:WLDS) Stock Short Interest Declines 85.9%

Wearable Devices Ltd. (NASDAQ:WLDS – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 23,943 shares, a drop of 85.9% from the August 31st total of 169,495 shares. Based on an average daily volume of 231,086 shares, the short-interest ratio is presently 0.1 days. Currently, 2.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Wearable Devices from a “hold” rating to a “sell” rating in a research note on Sunday, August 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wearable Devices currently has an average rating of “Sell”.

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Wearable Devices Price Performance

Shares of NASDAQ WLDS traded down $0.03 during midday trading on Friday, reaching $1.48. 61,002 shares of the company’s stock traded hands. The stock’s 50 day simple moving average is $2.35 and its 200-day simple moving average is $2.83. Wearable Devices has a one year low of $1.30 and a one year high of $49.50.

Wearable Devices (NASDAQ:WLDS – Get Free Report) last issued its quarterly earnings data on Monday, August 24th. The company reported ($1.75) EPS for the quarter. The company had revenue of $0.17 million for the quarter.

Wearable Devices Company Profile

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Wearable Devices Ltd. is an Israel-based technology company that develops wearable human-computer interface solutions. Its technology is designed to interpret subtle neural and muscle signals from the wrist and hand, enabling users to control digital devices through finger movements and gestures without relying solely on conventional touch interfaces.

The company’s primary product line is the Mudra platform, which includes wrist-worn devices and related software intended to provide touchless control for computers, smartphones, augmented-reality devices and other digital systems.

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