Weshop Holdings Ltd (NASDAQ:WSHP) Sees Significant Decline in Short Interest

Weshop Holdings Ltd (NASDAQ:WSHP) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 211,199 shares, a decrease of 37.7% from the June 30th total of 338,978 shares. Based on an average daily volume of 115,838 shares, the short-interest ratio is presently 1.8 days.

Weshop Price Performance

WSHP stock opened at $4.85 on Thursday. Weshop has a 52 week low of $4.32 and a 52 week high of $250.00.

Analyst Upgrades and Downgrades

WSHP has been the topic of several research analyst reports. Wall Street Zen upgraded Weshop from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings started coverage on Weshop in a research note on Thursday, June 18th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Weshop

WeShop’s mission is to create a global, e-commerce social community empowered by user ownership. WeShop is a shoppable social network. It is a community built for shoppers to inspire, guide and earn rewards. In one platform, we have blended User-Generated Content specific to products, online retail, and a rewards mechanism relevant to people interested in share ownership. WeShop is a community owned social commerce platform offering shoppers the option to receive shares in the Company every time they make a purchase or refer a new user who makes purchases.