Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Update

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 21,700 shares, a decrease of 49.4% from the October 15th total of 42,900 shares. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.3% of the shares of the stock are short sold.

Wearable Devices Stock Performance

Shares of WLDS stock opened at $1.90 on Friday. The stock has a 50-day simple moving average of $4.32 and a 200 day simple moving average of $6.80. Wearable Devices has a fifty-two week low of $1.80 and a fifty-two week high of $16.00. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08.

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 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.