Wetouch Technology Inc. (NASDAQ:WETH) Sees Large Growth in Short Interest

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 61,200 shares, a growth of 29.1% from the February 28th total of 47,400 shares. Based on an average daily volume of 253,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short.

Wetouch Technology Stock Performance

NASDAQ WETH opened at $1.45 on Tuesday. Wetouch Technology has a 1 year low of $1.13 and a 1 year high of $3.62. The stock’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WETH. Virtu Financial LLC lifted its position in shares of Wetouch Technology by 267.8% in the 4th quarter. Virtu Financial LLC now owns 61,103 shares of the company’s stock valued at $108,000 after acquiring an additional 44,489 shares in the last quarter. Lepercq Multi Asset Fund purchased a new stake in shares of Wetouch Technology in the fourth quarter valued at $120,000. XTX Topco Ltd acquired a new stake in shares of Wetouch Technology in the third quarter worth $31,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Wetouch Technology during the fourth quarter valued at $33,000.

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.