Short Interest in WeBuy Global Ltd. (NASDAQ:WBUY) Rises By 73.1%

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 222,184 shares, an increase of 73.1% from the April 15th total of 128,381 shares. Based on an average daily volume of 2,547,515 shares, the short-interest ratio is presently 0.1 days. Approximately 18.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

WeBuy Global Trading Down 4.2%

Shares of WeBuy Global stock traded down $0.05 on Monday, hitting $1.14. 11,798 shares of the company traded hands, compared to its average volume of 1,087,511. The company has a 50-day moving average price of $1.11 and a 200 day moving average price of $1.42. WeBuy Global has a 12-month low of $0.87 and a 12-month high of $9.94.

WeBuy Global (NASDAQ:WBUY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.20). The firm had revenue of $4.86 million for the quarter, compared to analyst estimates of $67.20 million.

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.