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

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 43,055 shares, a decrease of 51.4% from the June 15th total of 88,648 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 27,901 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

WeBuy Global Price Performance

WeBuy Global stock traded up $0.03 during midday trading on Wednesday, hitting $0.79. The company’s stock had a trading volume of 10,040 shares, compared to its average volume of 844,838. WeBuy Global has a 12 month low of $0.64 and a 12 month high of $8.80. The stock’s 50-day moving average price is $0.97 and its 200-day moving average price is $1.13.

WeBuy Global (NASDAQ:WBUY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.00 earnings per share 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 the consensus estimate 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.