WeBuy Global Ltd. (NASDAQ:WBUY) Short Interest Up 400.4% in July

WeBuy Global Ltd. (NASDAQ:WBUY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 215,440 shares, a growth of 400.4% from the June 30th total of 43,055 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average trading volume of 571,071 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

WeBuy Global Stock Performance

NASDAQ:WBUY traded down $0.27 during trading hours on Friday, hitting $0.85. The company’s stock had a trading volume of 3,154,110 shares, compared to its average volume of 9,217,827. WeBuy Global has a twelve month low of $0.62 and a twelve month high of $7.19. The stock has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $1.09.

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

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.