Waldencast plc (NASDAQ:WALDW) Short Interest Down 16.6% in September

Waldencast plc (NASDAQ:WALDW) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 25,100 shares, a drop of 16.6% from the August 31st total of 30,100 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is currently 3.5 days.

Waldencast Price Performance

WALDW stock opened at $0.16 on Monday. The firm has a 50-day simple moving average of $0.15 and a two-hundred day simple moving average of $0.29. Waldencast has a one year low of $0.09 and a one year high of $1.24.

Hedge Funds Weigh In On Waldencast

An institutional investor recently raised its position in Waldencast stock. Clear Street LLC lifted its holdings in shares of Waldencast plc (NASDAQ:WALDW) by 21.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 148,207 shares of the company’s stock after acquiring an additional 25,757 shares during the period. Clear Street LLC’s holdings in Waldencast were worth $144,000 at the end of the most recent quarter.

About Waldencast

Waldencast plc operates in the beauty and wellness industry. It engages in developing, acquiring, accelerating, and scaling various brands. The company provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.