Short Interest in Webuy Global Ltd (NASDAQ:WBUY) Declines By 88.0%

Webuy Global Ltd (NASDAQ:WBUY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 208,700 shares, a decrease of 88.0% from the December 31st total of 1,740,000 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 42,680,000 shares, the days-to-cover ratio is presently 0.0 days.

Webuy Global Stock Performance

WBUY traded down $0.04 during midday trading on Friday, reaching $0.08. The company’s stock had a trading volume of 4,611,066 shares, compared to its average volume of 4,495,941. Webuy Global has a 1 year low of $0.11 and a 1 year high of $0.82. The stock’s 50-day moving average is $0.16 and its 200-day moving average is $0.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.14.

Webuy Global Company Profile

Webuy Global Ltd operates as an e-commerce retailer company in Singapore, Indonesia, and Malaysia. The company sells food and beverages, fresh produces, lifestyle daily essential items, e-vouchers, miscellaneous daily needs products, and other personal care products, as well as sells packaged tours. Webuy Global Ltd was founded in 2019 and is based in Singapore.