Wearable Devices Ltd. (NASDAQ:WLDS) Short Interest Down 53.4% in February

Wearable Devices Ltd. (NASDAQ:WLDS) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 104,900 shares, a decrease of 53.4% from the February 13th total of 225,000 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average trading volume of 343,500 shares, the short-interest ratio is currently 0.3 days.

Wearable Devices Price Performance

Shares of Wearable Devices stock opened at $0.49 on Friday. Wearable Devices has a fifty-two week low of $0.49 and a fifty-two week high of $16.00. The company has a current ratio of 1.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $1.08 and a 200 day moving average of $2.73.

Shares of Wearable Devices are scheduled to reverse split on the morning of 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.

Wearable Devices Company Profile

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.