Short Interest in Wetouch Technology Inc. (NASDAQ:WETH) Increases By 95.9%

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

Institutional Trading of Wetouch Technology

A hedge fund recently bought a new stake in Wetouch Technology stock. XTX Topco Ltd purchased a new stake in Wetouch Technology Inc. (NASDAQ:WETH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,194 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.13% of Wetouch Technology as of its most recent SEC filing.

Wetouch Technology Stock Performance

Shares of WETH stock opened at $1.57 on Friday. The stock’s fifty day moving average is $1.67 and its 200-day moving average is $1.76. Wetouch Technology has a 52 week low of $1.13 and a 52 week high of $8.20.

Wetouch Technology Company Profile

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.