WeBuy Global Ltd. (NASDAQ:WBUY) Short Interest Down 77.2% in August

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 105,232 shares, a decrease of 77.2% from the July 30th total of 461,840 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 71,982 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WeBuy Global in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

WeBuy Global Stock Up 2.3%

WeBuy Global stock traded up $0.02 during trading hours on Thursday, hitting $0.87. 23,274 shares of the stock traded hands, compared to its average volume of 86,480. The firm’s 50 day moving average price is $0.83 and its 200-day moving average price is $1.00. WeBuy Global has a 1 year low of $0.62 and a 1 year high of $4.96.

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.