Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Update

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 38,700 shares, a decrease of 30.8% from the September 15th total of 55,900 shares. Based on an average trading volume of 212,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Wetouch Technology Trading Up 5.6 %

Shares of Wetouch Technology stock opened at $2.06 on Friday. The stock has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $1.99. Wetouch Technology has a 52-week low of $1.13 and a 52-week high of $13.74.

Wetouch Technology (NASDAQ:WETH) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.23 EPS for the quarter. The business had revenue of $12.24 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wetouch Technology stock. Murchinson Ltd. purchased a new position in shares of Wetouch Technology Inc. (NASDAQ:WETH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,000 shares of the company’s stock, valued at approximately $68,000. Murchinson Ltd. owned about 0.25% of Wetouch Technology as of its most recent SEC filing.

About Wetouch Technology

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.