Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Update

Wetouch Technology Inc. (NASDAQ:WETH) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 47,400 shares, a decrease of 56.2% from the February 13th total of 108,300 shares. Based on an average trading volume of 280,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

Wetouch Technology Price Performance

WETH stock opened at $1.35 on Friday. Wetouch Technology has a fifty-two week low of $1.13 and a fifty-two week high of $5.10. The business’s 50-day moving average is $1.54 and its two-hundred day moving average is $1.68.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Lepercq Multi Asset Fund bought a new position in Wetouch Technology in the fourth quarter valued at about $120,000. Virtu Financial LLC bought a new position in shares of Wetouch Technology in the third quarter worth about $34,000. XTX Topco Ltd bought a new position in shares of Wetouch Technology in the third quarter worth about $31,000. Finally, Renaissance Technologies LLC bought a new position in shares of Wetouch Technology in the fourth quarter worth about $33,000.

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.