Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Update

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 197,761 shares, a drop of 37.4% from the May 14th total of 315,814 shares. Based on an average daily trading volume, of 305,823 shares, the short-interest ratio is presently 0.6 days. Approximately 5.6% of the shares of the company are short sold.

Wearable Devices Price Performance

NASDAQ WLDS opened at $0.99 on Tuesday. The company’s 50 day moving average is $1.06 and its 200-day moving average is $2.44. Wearable Devices has a 12-month low of $0.73 and a 12-month high of $34.20.

Institutional Trading of Wearable Devices

A hedge fund recently raised its stake in Wearable Devices stock. Kathmere Capital Management LLC boosted its stake in Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,300 shares of the company’s stock after purchasing an additional 56,800 shares during the quarter. Kathmere Capital Management LLC owned approximately 3.21% of Wearable Devices worth $218,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a report on Friday, March 27th. Wall Street Zen upgraded shares of Wearable Devices from a “strong sell” rating to a “hold” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.