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

Webuy Global Ltd (NASDAQ:WBUY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 659,400 shares, an increase of 47.4% from the May 31st total of 447,500 shares. Currently, 3.9% of the shares of the stock are short sold. Based on an average trading volume of 1,600,600 shares, the short-interest ratio is currently 0.4 days.

Webuy Global Stock Performance

Shares of NASDAQ WBUY traded down $0.01 during trading hours on Friday, hitting $0.17. 836,570 shares of the stock were exchanged, compared to its average volume of 3,970,465. The company’s fifty day simple moving average is $0.39 and its two-hundred day simple moving average is $0.44. Webuy Global has a 1-year low of $0.15 and a 1-year high of $14.30.

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.