Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Down 75.0% in September

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 4,300 shares, a drop of 75.0% from the August 31st total of 17,200 shares. Based on an average daily trading volume, of 130,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 130,100 shares, the days-to-cover ratio is currently 0.0 days.

Wetouch Technology Trading Down 5.4%

Shares of Wetouch Technology stock opened at $1.22 on Friday. Wetouch Technology has a 52 week low of $0.76 and a 52 week high of $2.96. The stock has a market cap of $14.55 million, a PE ratio of 2.44 and a beta of 0.08. The company’s 50-day moving average price is $1.05 and its two-hundred day moving average price is $1.06.

Wetouch Technology (NASDAQ:WETH) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $3.63 million during the quarter. Wetouch Technology has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wetouch Technology stock. Argentarii LLC acquired a new position in shares of Wetouch Technology Inc. (NASDAQ:WETH) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 94,318 shares of the company’s stock, valued at approximately $137,000. Argentarii LLC owned approximately 0.79% of Wetouch Technology as of its most recent SEC filing.

About Wetouch Technology

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.