Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Update

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 155,700 shares, an increase of 28.4% from the November 15th total of 121,300 shares. Based on an average daily volume of 304,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.3% of the shares of the company are sold short.

Wetouch Technology Price Performance

Shares of NASDAQ:WETH opened at $1.66 on Friday. Wetouch Technology has a one year low of $1.13 and a one year high of $8.20. The firm has a fifty day moving average price of $1.78 and a two-hundred day moving average price of $1.92.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wetouch Technology stock. XTX Topco Ltd acquired a new stake in shares of Wetouch Technology Inc. (NASDAQ:WETH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,194 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.13% of Wetouch Technology at the end of the most recent reporting period.

Wetouch Technology Company Profile

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.