Short Interest in Wearable Devices Ltd. (NASDAQ:WLDS) Drops By 53.4%

Wearable Devices Ltd. (NASDAQ:WLDS) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 104,900 shares, a decline of 53.4% from the February 13th total of 225,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average trading volume of 343,500 shares, the days-to-cover ratio is presently 0.3 days.

Wearable Devices Trading Down 8.0 %

Shares of NASDAQ WLDS opened at $0.45 on Friday. The firm has a fifty day moving average of $1.04 and a 200 day moving average of $2.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.34 and a quick ratio of 1.00. Wearable Devices has a one year low of $0.45 and a one year high of $16.00.

Shares of Wearable Devices are going to reverse split on Monday, March 17th. The 1-4 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

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.