Wearable Devices Ltd. (NASDAQ:WLDS) Sees Large Growth in Short Interest

Wearable Devices Ltd. (NASDAQ:WLDS) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 37,539 shares, an increase of 56.8% from the September 15th total of 23,943 shares. Based on an average trading volume of 420,619 shares, the short-interest ratio is presently 0.1 days. Currently, 3.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WLDS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a research note on Monday, September 21st. Wall Street Zen lowered Wearable Devices from a “hold” rating to a “sell” rating in a research report on Sunday, August 30th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Wearable Devices currently has an average rating of “Sell”.

Wearable Devices Stock Performance

NASDAQ:WLDS opened at $1.27 on Friday. The stock’s 50 day moving average price is $1.96 and its 200 day moving average price is $2.50. Wearable Devices has a 52 week low of $1.15 and a 52 week high of $35.28.

Wearable Devices (NASDAQ:WLDS) last posted its earnings results on Monday, August 24th. The company reported ($1.75) earnings per share (EPS) for the quarter. The business had revenue of $0.17 million for the quarter.

Wearable Devices Company Profile

Wearable Devices Ltd. is an Israel-based technology company that develops wearable human-computer interface products. Its technology is designed to interpret subtle neural signals from the wrist and translate them into digital commands, enabling users to control compatible devices without conventional touch or physical input.

The company’s principal product is the Mudra Band, a wrist-worn device intended to support gesture-based interaction with computers, smartphones, augmented- and virtual-reality systems, and other digital platforms.