Short Interest in Wetouch Technology Inc. (NASDAQ:WETH) Increases By 29.1%

Wetouch Technology Inc. (NASDAQ:WETH) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 61,200 shares, an increase 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 presently 0.2 days. Currently, 0.5% of the shares of the company are sold short.

Wetouch Technology Trading Down 1.4 %

Shares of WETH stock opened at $1.46 on Monday. Wetouch Technology has a 12 month low of $1.13 and a 12 month high of $3.62. The stock has a 50 day moving average of $1.48 and a two-hundred day moving average of $1.67.

Hedge Funds Weigh In On Wetouch Technology

Hedge funds have recently made changes to their positions in the business. Lepercq Multi Asset Fund bought a new stake in shares of Wetouch Technology in the 4th quarter worth about $120,000. Virtu Financial LLC acquired a new position in Wetouch Technology in the third quarter valued at about $34,000. XTX Topco Ltd bought a new stake in Wetouch Technology during the third quarter worth about $31,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Wetouch Technology during the fourth quarter worth approximately $33,000.

Wetouch Technology Company Profile

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.