Wetouch Technology Inc. (NASDAQ:WETH) Short Interest Down 28.5% in September

Wetouch Technology Inc. (NASDAQ:WETH) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 55,900 shares, a decrease of 28.5% from the August 31st total of 78,200 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 93,300 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Wetouch Technology

An institutional investor recently bought a new position in Wetouch Technology stock. Murchinson Ltd. purchased a new stake in shares of Wetouch Technology Inc. (NASDAQ:WETH) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $68,000. Murchinson Ltd. owned approximately 0.25% of Wetouch Technology at the end of the most recent quarter.

Wetouch Technology Price Performance

WETH opened at $1.97 on Friday. Wetouch Technology has a 12-month low of $1.13 and a 12-month high of $18.50. The firm has a 50 day moving average of $1.73 and a two-hundred day moving average of $2.13.

Wetouch Technology (NASDAQ:WETH) last issued its earnings results on Tuesday, August 20th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $12.24 million for the quarter.

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.