Short Interest in Wetouch Technology Inc. (NASDAQ:WETH) Decreases By 59.8%

Wetouch Technology Inc. (NASDAQ:WETH) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 119,200 shares, a decrease of 59.8% from the January 15th total of 296,200 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 324,500 shares, the short-interest ratio is currently 0.4 days.

Wetouch Technology Price Performance

Shares of WETH opened at $1.49 on Friday. The company has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.71. Wetouch Technology has a fifty-two week low of $1.13 and a fifty-two week high of $7.74.

Institutional Trading of Wetouch Technology

A number of hedge funds have recently bought and sold shares of WETH. XTX Topco Ltd purchased a new position in shares of Wetouch Technology in the 3rd quarter valued at $31,000. Virtu Financial LLC acquired a new stake in Wetouch Technology in the third quarter valued at approximately $34,000. Renaissance Technologies LLC acquired a new position in shares of Wetouch Technology during the fourth quarter worth $33,000. Finally, Lepercq Multi Asset Fund purchased a new stake in shares of Wetouch Technology during the 4th quarter valued at $120,000.

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.