Short Interest in WeBuy Global Ltd. (NASDAQ:WBUY) Rises By 73.1%

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 222,184 shares, a growth of 73.1% from the April 15th total of 128,381 shares. Approximately 18.2% of the company’s stock are sold short. Based on an average daily volume of 2,547,515 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

WeBuy Global Stock Down 4.2%

WBUY stock traded down $0.05 during mid-day trading on Monday, reaching $1.14. 11,798 shares of the stock traded hands, compared to its average volume of 1,087,511. WeBuy Global has a 52 week low of $0.87 and a 52 week high of $9.94. The business has a 50-day moving average of $1.11 and a two-hundred day moving average of $1.42.

WeBuy Global (NASDAQ:WBUY) last released its earnings results 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 company had revenue of $4.86 million for the quarter, compared to analyst estimates of $67.20 million.

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.