WeBuy Global Ltd. (NASDAQ:WBUY) Stock Short Interest Rises 172.5%

by · The Cerbat Gem

WeBuy Global Ltd. (NASDAQ:WBUY – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 282,008 shares, a growth of 172.5% from the September 15th total of 103,486 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average trading volume of 3,455,185 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded WeBuy Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, WeBuy Global presently has a consensus rating of “Sell”.

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WeBuy Global Stock Up 13.7%

WBUY stock opened at $0.93 on Wednesday. WeBuy Global has a 12 month low of $0.62 and a 12 month high of $4.96. The firm’s 50-day moving average is $0.85 and its 200 day moving average is $0.95.

About WeBuy Global

(Get Free Report)

WeBuy Global Ltd. operates an e-commerce platform focused on making Korean consumer products available to customers outside South Korea. Through its online marketplace, the company offers products across categories such as Korean food, beauty and personal care, fashion, household goods, and lifestyle merchandise.

The company’s business is centered on cross-border retail, connecting international consumers with Korean brands and products. Its platform is designed to support online purchasing and delivery for customers in overseas markets, although the company’s specific geographic coverage and product assortment may vary over time.

WeBuy Global is listed on the Nasdaq Capital Market under the symbol WBUY.

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