Weshop Holdings Ltd (NASDAQ:WSHP) Sees Significant Increase in Short Interest

Weshop Holdings Ltd (NASDAQ:WSHP) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 338,978 shares, an increase of 91.6% from the June 15th total of 176,920 shares. Based on an average trading volume of 1,289,155 shares, the days-to-cover ratio is currently 0.3 days.

Weshop Price Performance

Shares of WSHP opened at $4.82 on Friday. Weshop has a 52 week low of $4.62 and a 52 week high of $250.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WSHP. Wall Street Zen raised Weshop from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings started coverage on Weshop in a research report on Thursday, June 18th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Weshop Company Profile

WeShop’s mission is to create a global, e-commerce social community empowered by user ownership. WeShop is a shoppable social network. It is a community built for shoppers to inspire, guide and earn rewards. In one platform, we have blended User-Generated Content specific to products, online retail, and a rewards mechanism relevant to people interested in share ownership. WeShop is a community owned social commerce platform offering shoppers the option to receive shares in the Company every time they make a purchase or refer a new user who makes purchases.