Wearable Devices Ltd. (NASDAQ:WLDS – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 27,100 shares, a drop of 38.8% from the September 30th total of 44,300 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 330,900 shares, the days-to-cover ratio is currently 0.1 days.
Wearable Devices Stock Performance
NASDAQ WLDS opened at $0.50 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.69 and a quick ratio of 5.69. Wearable Devices has a twelve month low of $0.39 and a twelve month high of $2.56. The business’s fifty day moving average is $0.91 and its 200 day moving average is $1.09.
Institutional Investors Weigh In On Wearable Devices
A hedge fund recently raised its stake in Wearable Devices stock. Goldman Sachs Group Inc. lifted its position in shares of Wearable Devices Ltd. (NASDAQ:WLDS – Free Report) by 46.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,245 shares of the company’s stock after acquiring an additional 8,599 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.24% of Wearable Devices worth $39,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.38% of the company’s stock.
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 Inspire 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.
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