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

Weshop Holdings Ltd (NASDAQ:WSHP) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 365,336 shares, an increase of 74.3% from the September 15th total of 209,559 shares. Based on an average trading volume of 237,554 shares, the short-interest ratio is presently 1.5 days.

Weshop Stock Performance

Shares of Weshop stock opened at $3.82 on Thursday. Weshop has a 52 week low of $3.66 and a 52 week high of $250.00. The company has a 50 day moving average of $5.19.

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

Wall Street Analysts Forecast Growth

WSHP has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Weshop in a research note on Monday, September 14th. Wall Street Zen cut shares of Weshop from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Weshop Company Profile

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.