Short Interest in Wearable Devices Ltd. (NASDAQ:WLDS) Declines By 49.4%

Wearable Devices Ltd. (NASDAQ:WLDS) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 21,700 shares, a drop of 49.4% from the October 15th total of 42,900 shares. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.3% of the company’s shares are short sold.

Wearable Devices Stock Up 0.5 %

Wearable Devices stock opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.34 and a quick ratio of 1.00. Wearable Devices has a fifty-two week low of $1.80 and a fifty-two week high of $16.00. The firm’s 50 day simple moving average is $4.32 and its 200-day simple moving average is $6.80.

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.