Wearable Devices Ltd. (NASDAQ:WLDS) Shares Shorted: Short Interest Down 85.9% in September

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 23,943 shares, a decline of 85.9% from the August 31st total of 169,495 shares. Based on an average daily trading volume, of 231,086 shares, the short-interest ratio is presently 0.1 days. Approximately 2.0% of the company’s shares are short sold.

Wearable Devices Stock Down 2.0%

Shares of NASDAQ:WLDS opened at $1.48 on Friday. The firm’s 50 day simple moving average is $2.35 and its 200-day simple moving average is $2.83. Wearable Devices has a one year low of $1.30 and a one year high of $49.50.

Wearable Devices (NASDAQ:WLDS) last announced its quarterly earnings results on Monday, August 24th. The company reported ($1.75) earnings per share (EPS) for the quarter. The company had revenue of $0.17 million during the quarter.

Analysts Set New Price Targets

WLDS has been the topic of several recent analyst reports. Wall Street Zen downgraded Wearable Devices from a “hold” rating to a “sell” rating in a report on Sunday, August 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About Wearable Devices

Wearable Devices Ltd. is an Israel-based technology company that develops wearable human-computer interface solutions. Its technology is designed to interpret subtle neural and muscle signals from the wrist and hand, enabling users to control digital devices through finger movements and gestures without relying solely on conventional touch interfaces.

The company’s primary product line is the Mudra platform, which includes wrist-worn devices and related software intended to provide touchless control for computers, smartphones, augmented-reality devices and other digital systems.