Weshop Holdings Ltd (NASDAQ:WSHP – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 211,199 shares, a drop of 37.7% from the June 30th total of 338,978 shares. Based on an average daily volume of 115,838 shares, the short-interest ratio is currently 1.8 days.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Weshop from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings began coverage on Weshop in a research note on Thursday, June 18th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Research Report on WSHP
Weshop Trading Up 8.9%
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.
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