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

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 104,900 shares, a drop of 53.4% from the February 13th total of 225,000 shares. Based on an average daily volume of 343,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.3% of the shares of the stock are sold short.

Wearable Devices Price Performance

Shares of NASDAQ:WLDS opened at $0.45 on Friday. Wearable Devices has a 52-week low of $0.45 and a 52-week high of $16.00. The business has a fifty day moving average of $1.04 and a two-hundred day moving average of $2.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.34.

Wearable Devices’s stock is going to reverse split on the morning of Monday, March 17th. The 1-4 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 14th.

Wearable Devices Company Profile

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.