WeBuy Global Ltd. (NASDAQ:WBUY) Sees Significant Growth in Short Interest

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 461,840 shares, a growth of 114.4% from the July 15th total of 215,440 shares. Currently, 8.4% of the company’s stock are sold short. Based on an average trading volume of 14,899,390 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WeBuy Global in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

WeBuy Global Stock Up 5.5%

NASDAQ:WBUY opened at $0.84 on Friday. WeBuy Global has a twelve month low of $0.62 and a twelve month high of $4.96. The stock’s 50 day moving average price is $0.86 and its two-hundred day moving average price is $1.04.

WeBuy Global Company Profile

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.