Webuy Global Ltd (NASDAQ:WBUY) Sees Large Increase in Short Interest

Webuy Global Ltd (NASDAQ:WBUY) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 951,800 shares, an increase of 763.7% from the October 31st total of 110,200 shares. Approximately 3.5% of the company’s shares are sold short. Based on an average trading volume of 35,470,000 shares, the days-to-cover ratio is presently 0.0 days.

Webuy Global Price Performance

Shares of NASDAQ:WBUY opened at $0.19 on Thursday. Webuy Global has a 1 year low of $0.11 and a 1 year high of $14.30. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $0.15 and its two-hundred day moving average is $0.20.

About Webuy Global

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.