WeBuy Global Ltd. (NASDAQ:WBUY) Short Interest Update

WeBuy Global Ltd. (NASDAQ:WBUY – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 108,785 shares, a decrease of 51.0% from the April 30th total of 222,184 shares. Based on an average daily volume of 35,242 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of 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, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Get WeBuy Global alerts:

Read Our Latest Report on WBUY

WeBuy Global Stock Performance

WBUY stock opened at $1.06 on Monday. The business has a fifty day simple moving average of $1.13 and a 200-day simple moving average of $1.34. WeBuy Global has a 52 week low of $0.87 and a 52 week high of $9.94.

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

About WeBuy Global

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than WeBuy Global
• Best Buy’s AI Laptop Boost Sparks Hope for a BBY Turnaround
• SanDisk’s Stock and Short Interest Both at Record Highs —Do the Bears Know Something?
• Alphabet Bets on Hardware With Googlebook and AI Glasses
• Burlington Beat Earnings Estimates, But Not Investor Expectations

Receive News & Ratings for WeBuy Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WeBuy Global and related companies with MarketBeat.com's FREE daily email newsletter.