Wearable Devices Ltd. (NASDAQ:WLDS – Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 380,400 shares, a decrease of 36.5% from the January 15th total of 599,400 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 678,400 shares, the days-to-cover ratio is currently 0.6 days.
Wearable Devices Stock Performance
WLDS stock opened at $0.41 on Tuesday. The company has a fifty day moving average price of $0.37 and a 200 day moving average price of $0.67. Wearable Devices has a 12 month low of $0.26 and a 12 month high of $2.56. The company has a current ratio of 5.69, a quick ratio of 5.69 and a debt-to-equity ratio of 0.03.
Hedge Funds Weigh In On Wearable Devices
An institutional investor recently raised its position in Wearable Devices stock. Goldman Sachs Group Inc. raised its position in Wearable Devices Ltd. (NASDAQ:WLDS – Free Report) by 46.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,245 shares of the company’s stock after buying an additional 8,599 shares during the quarter. Goldman Sachs Group Inc. owned about 0.24% of Wearable Devices worth $39,000 as of its most recent filing with the SEC. Institutional investors own 0.38% of the company’s stock.
Wearable Devices Company Profile
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 Inspire 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.
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