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

WeBuy Global Ltd. (NASDAQ:WBUY – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 461,840 shares, an increase of 114.4% from the July 15th total of 215,440 shares. Approximately 8.4% of the shares of the company are short sold. Based on an average daily volume of 14,899,390 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 has a consensus rating of “Sell”.

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WeBuy Global Price Performance

WeBuy Global stock opened at $0.84 on Friday. WeBuy Global has a 52-week low of $0.62 and a 52-week high of $4.96. The firm has a 50-day moving average price of $0.86 and a two-hundred day moving average price of $1.04.

About WeBuy Global

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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.

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