Weyland Tech Inc (OTCMKTS:WEYL) Sees Significant Decrease in Short Interest
Weyland Tech Inc (OTCMKTS:WEYL) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 4,800 shares, a decline of 27.3% from the August 15th total of 6,600 shares. Based on an average trading volume of 92,700 shares, the short-interest ratio is presently 0.1 days.
OTCMKTS:WEYL opened at $7.70 on Thursday. The firm has a market capitalization of $102.51 million, a P/E ratio of -13.75 and a beta of 1.43. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $7.11 and a 200 day moving average of $3.95. Weyland Tech has a 52 week low of $1.62 and a 52 week high of $10.50.
Separately, ValuEngine cut Weyland Tech from a “buy” rating to a “hold” rating in a report on Friday, August 7th.
Weyland Tech Inc provides e-commerce solutions and services that facilitate business-to-consumer and business-to-business transactions to small-medium-sized businesses and resellers. The company offers CreateApp platform to create a mobile application in Singapore, India, and the United States/Canada; and DIY App builder through a white label platform in European Union, Malaysia, Hong Kong, South China, Indonesia, North America, Thailand, the Philippines, and France.
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