Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Up 95.9% in January

Wetouch Technology Inc. (NASDAQ:WETH) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 296,200 shares, an increase of 95.9% from the December 31st total of 151,200 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 292,900 shares, the days-to-cover ratio is currently 1.0 days.

Wetouch Technology Trading Down 8.3 %

Wetouch Technology stock opened at $1.44 on Friday. Wetouch Technology has a 52 week low of $1.13 and a 52 week high of $8.20. The firm’s 50-day simple moving average is $1.67 and its 200 day simple moving average is $1.75.

Institutional Trading of Wetouch Technology

A hedge fund recently bought a new stake in Wetouch Technology stock. XTX Topco Ltd acquired a new position in shares of Wetouch Technology Inc. (NASDAQ:WETH) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,194 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.13% of Wetouch Technology at the end of the most recent reporting period.

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.