Wetouch Technology Inc. (OTCMKTS:WETH) Sees Significant Growth in Short Interest

Wetouch Technology Inc. (OTCMKTS:WETH – Get Rating) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,900 shares, an increase of 160.0% from the February 13th total of 1,500 shares. Based on an average daily volume of 82,100 shares, the short-interest ratio is presently 0.0 days.

Wetouch Technology Trading Up 37.9 %

Shares of OTCMKTS WETH opened at $0.20 on Friday. The firm has a market cap of $6.72 million, a PE ratio of 0.56 and a beta of -0.39. Wetouch Technology has a 1-year low of $0.11 and a 1-year high of $1.05. The company has a fifty day moving average price of $0.23 and a 200 day moving average price of $0.40.

About Wetouch Technology

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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. Its product portfolio comprises medium to large sized projected capacitive touchscreens, which range from 7.0 inch to 42-inch screens.