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

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 56,877 shares, a decline of 64.7% from the June 15th total of 161,124 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 208,108 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Wearable Devices

A hedge fund recently raised its position in Wearable Devices stock. Kathmere Capital Management LLC increased its stake in shares of Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission. 0.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WLDS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a report on Wednesday, June 24th. Wall Street Zen raised Wearable Devices from a “strong sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wearable Devices presently has an average rating of “Sell”.

Wearable Devices Stock Performance

Shares of NASDAQ:WLDS opened at $1.59 on Monday. The business’s fifty day moving average price is $2.37 and its two-hundred day moving average price is $5.45. Wearable Devices has a one year low of $1.47 and a one year high of $102.60.

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 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.