Weshop Holdings Ltd (NASDAQ:WSHP) Shares Shorted: Short Interest Up 74.3% in September

Weshop Holdings Ltd (NASDAQ:WSHP) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 365,336 shares, a growth of 74.3% from the September 15th total of 209,559 shares. Based on an average daily volume of 237,554 shares, the short-interest ratio is currently 1.5 days.

Weshop Price Performance

NASDAQ:WSHP opened at $3.38 on Friday. The firm’s fifty day moving average price is $5.15. Weshop has a 52 week low of $3.34 and a 52 week high of $250.00.

Weshop (NASDAQ:WSHP) last announced its quarterly earnings results on Monday, August 24th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $0.04 million for the quarter.

Wall Street Analysts Forecast Growth

WSHP has been the topic of a number of recent research reports. Wall Street Zen cut Weshop from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Weshop in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Weshop Company Profile

WeShop is a social-commerce company that operates an online shopping platform designed to connect consumers with products and recommendations shared through their personal networks. Its business model combines e-commerce functionality with social engagement, allowing users to discover, discuss and purchase products through the platform.

The company’s services are focused on facilitating online transactions and product promotion, with potential applications across consumer retail categories.