WeBuy Global Ltd. (NASDAQ:WBUY) Sees Significant Increase in Short Interest

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 461,840 shares, an increase of 114.4% from the July 15th total of 215,440 shares. Based on an average trading volume of 14,899,390 shares, the short-interest ratio is currently 0.0 days. Currently, 8.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WeBuy Global in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, WeBuy Global presently has an average rating of “Sell”.

WeBuy Global Stock Performance

Shares of NASDAQ:WBUY opened at $0.84 on Friday. WeBuy Global has a 12 month low of $0.62 and a 12 month high of $4.96. The company’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $1.04.

About WeBuy Global

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.