Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Up 49.5% in March

Wearable Devices Ltd. (NASDAQ:WLDS) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 16,000 shares, a growth of 49.5% from the March 15th total of 10,700 shares. Based on an average trading volume of 78,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the shares of the company are sold short.

Wearable Devices Trading Up 8.0 %

Shares of WLDS stock opened at $1.90 on Friday. The firm’s fifty day simple moving average is $2.58 and its 200 day simple moving average is $6.73. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08. Wearable Devices has a 1 year low of $1.65 and a 1 year high of $54.40.

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.