WeBuy Global Ltd. (NASDAQ:WBUY) Short Interest Up 73.1% in April

WeBuy Global Ltd. (NASDAQ:WBUY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 222,184 shares, an increase of 73.1% from the April 15th total of 128,381 shares. Approximately 18.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,547,515 shares, the days-to-cover ratio is currently 0.1 days.

WeBuy Global Stock Down 4.3%

WBUY traded down $0.05 during trading hours on Tuesday, reaching $1.11. The company’s stock had a trading volume of 6,559 shares, compared to its average volume of 1,076,161. The company’s 50-day moving average is $1.11 and its 200-day moving average is $1.41. WeBuy Global has a 52 week low of $0.87 and a 52 week high of $9.94.

WeBuy Global (NASDAQ:WBUY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.20). The business had revenue of $4.86 million for the quarter, compared to analysts’ expectations of $67.20 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, WeBuy Global presently has a consensus rating of “Sell”.

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.