Wearable Devices Ltd. (NASDAQ:WLDS) Sees Large Decline in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 23,943 shares, a drop of 85.9% from the August 31st total of 169,495 shares. Based on an average trading volume of 231,086 shares, the short-interest ratio is presently 0.1 days. Approximately 2.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Wearable Devices from a “hold” rating to a “sell” rating in a research note on Sunday, August 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wearable Devices Stock Performance

WLDS stock opened at $1.51 on Friday. The firm’s 50-day moving average is $2.35 and its two-hundred day moving average is $2.84. Wearable Devices has a 52 week low of $1.30 and a 52 week high of $51.30.

Wearable Devices (NASDAQ:WLDS) last announced its earnings results on Monday, August 24th. The company reported ($1.75) EPS for the quarter. The company had revenue of $0.17 million during the quarter.

Wearable Devices Company Profile

Wearable Devices Ltd. is an Israel-based technology company that develops wearable human-computer interface solutions. Its technology is designed to interpret subtle neural and muscle signals from the wrist and hand, enabling users to control digital devices through finger movements and gestures without relying solely on conventional touch interfaces.

The company’s primary product line is the Mudra platform, which includes wrist-worn devices and related software intended to provide touchless control for computers, smartphones, augmented-reality devices and other digital systems.