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

WeBuy Global Ltd. (NASDAQ:WBUY) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 43,055 shares, a drop of 51.4% from the June 15th total of 88,648 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 27,901 shares, the days-to-cover ratio is presently 1.5 days.

WeBuy Global Stock Down 2.5%

Shares of NASDAQ:WBUY opened at $0.79 on Friday. WeBuy Global has a fifty-two week low of $0.64 and a fifty-two week high of $8.54. The firm’s 50-day simple moving average is $0.95 and its 200-day simple moving average is $1.12.

WeBuy Global (NASDAQ:WBUY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.00 earnings per share (EPS) 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 analysts’ expectations of $67.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, WeBuy Global presently has an average 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.