Wearable Devices Ltd. (NASDAQ:WLDS – Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 380,400 shares, a drop of 36.5% from the January 15th total of 599,400 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average daily volume of 678,400 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Wearable Devices stock. Goldman Sachs Group Inc. increased its position in shares of Wearable Devices Ltd. (NASDAQ:WLDS – Free Report) by 46.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,245 shares of the company’s stock after acquiring an additional 8,599 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of Wearable Devices worth $39,000 at the end of the most recent quarter. 0.38% of the stock is owned by institutional investors and hedge funds.
Wearable Devices Stock Down 4.7 %
Shares of WLDS opened at $0.41 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.69 and a quick ratio of 5.69. Wearable Devices has a one year low of $0.26 and a one year high of $2.56. The stock’s fifty day moving average is $0.37 and its 200-day moving average is $0.67.
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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