Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Up 385.2% in July

Wearable Devices Ltd. (NASDAQ:WLDSGet Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 260,817 shares, an increase of 385.2% from the July 15th total of 53,758 shares. Currently, 22.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,644,392 shares, the short-interest ratio is currently 0.0 days.

Wearable Devices Price Performance

Shares of Wearable Devices stock traded down $0.17 on Thursday, reaching $2.85. The company had a trading volume of 195,943 shares, compared to its average volume of 1,038,940. Wearable Devices has a 52-week low of $1.30 and a 52-week high of $102.60. The firm’s 50 day moving average price is $2.29 and its two-hundred day moving average price is $4.06.

Institutional Investors Weigh In On Wearable Devices

A hedge fund recently bought a new position in Wearable Devices stock. Armistice Capital LLC bought a new stake in Wearable Devices Ltd. (NASDAQ:WLDSFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned 6.31% of Wearable Devices at the end of the most recent quarter. 0.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Report on WLDS

About Wearable Devices

(Get Free Report)

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.

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