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

Wearable Devices Ltd. (NASDAQ:WLDSGet Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 260,817 shares, a growth of 385.2% from the July 15th total of 53,758 shares. Based on an average daily trading volume, of 6,644,392 shares, the days-to-cover ratio is currently 0.0 days. Approximately 22.1% of the company’s stock are short sold.

Wearable Devices Stock Down 18.7%

NASDAQ:WLDS opened at $2.91 on Wednesday. Wearable Devices has a twelve month low of $1.30 and a twelve month high of $102.60. The stock’s 50 day moving average price is $2.28 and its two-hundred day moving average price is $4.16.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on WLDS

Hedge Funds Weigh In On Wearable Devices

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

Wearable Devices Company Profile

(Get Free Report)

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.

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