Weshop Holdings Ltd (NASDAQ:WSHP) Stock Short Interest Report for September

Weshop Holdings Ltd (NASDAQ:WSHP) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 365,336 shares, a growth of 74.3% from the September 15th total of 209,559 shares. Based on an average daily volume of 237,554 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WSHP shares. Wall Street Zen lowered Weshop from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Weshop in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Weshop currently has an average rating of “Sell”.

Weshop Price Performance

Shares of Weshop stock opened at $3.82 on Thursday. The firm’s 50-day moving average price is $5.19. Weshop has a 12 month low of $3.66 and a 12 month high of $250.00.

Weshop (NASDAQ:WSHP) last issued its quarterly earnings results on Monday, August 24th. The company reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $0.04 million for the quarter.

About Weshop

WeShop is a social-commerce company that operates an online shopping platform designed to connect consumers with products and recommendations shared through their personal networks. Its business model combines e-commerce functionality with social engagement, allowing users to discover, discuss and purchase products through the platform.

The company’s services are focused on facilitating online transactions and product promotion, with potential applications across consumer retail categories.