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

WeBuy Global Ltd. (NASDAQ:WBUY) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 108,785 shares, a decrease of 51.0% from the April 30th total of 222,184 shares. Based on an average trading volume of 35,242 shares, the short-interest ratio is presently 3.1 days. Approximately 2.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

WeBuy Global Trading Up 5.3%

WBUY stock opened at $1.06 on Monday. WeBuy Global has a 1 year low of $0.87 and a 1 year high of $9.94. The stock has a 50-day simple moving average of $1.13 and a 200-day simple moving average of $1.34.

WeBuy Global (NASDAQ:WBUY) last released 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 company had revenue of $4.86 million during the quarter, compared to analysts’ expectations 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.