Many real-life scenarios can benefit from both physical proximity and natural gesture interaction. In this paper, we explore shared collocated interactions on unmodified wearable devices. We introduce an interaction technique which enables a small group of people to interact using natural gestures. The proximity of users and devices is detected through acoustic ranging using inaudible signals, while in-air hand gestures are recognized from three-axis accelerometers. The underlying wireless communication between the devices is handled over Bluetooth for scalability and extensibility. We present (1) an overview of the interaction technique and (2) an extensive evaluation using unmodified, off-the-shelf, mobile, and wearable devices which show the feasibility of the method. Finally, we demonstrate the resulting design space with three examples of multi-user application scenarios.