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

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a large decrease in short interest during 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. Based on an average daily volume of 27,901 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the shares of the company are short sold.

WeBuy Global Price Performance

Shares of WBUY traded up $0.03 during trading hours on Wednesday, reaching $0.79. 10,040 shares of the company’s stock traded hands, compared to its average volume of 844,838. WeBuy Global has a twelve month low of $0.64 and a twelve month high of $8.80. The business’s fifty day simple moving average is $0.97 and its two-hundred day simple moving average is $1.13.

WeBuy Global (NASDAQ:WBUY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.20). The company had revenue of $4.86 million for the quarter, compared to analyst estimates of $67.20 million.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About WeBuy Global

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.