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

Webuy Global Ltd (NASDAQ:WBUY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,740,000 shares, an increase of 24.3% from the December 31st total of 1,400,000 shares. Based on an average trading volume of 42,310,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 8.0% of the company’s stock are sold short.

Webuy Global Trading Down 32.8 %

WBUY opened at $0.08 on Thursday. 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 business’s 50-day simple moving average is $0.17 and its 200 day simple moving average is $0.15. Webuy Global has a 52-week low of $0.11 and a 52-week high of $0.82.

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.