Short Interest in Weimob Inc. (OTCMKTS:WEMXF) Grows By 423.1%

Weimob Inc. (OTCMKTS:WEMXF) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 32,472,000 shares, a growth of 423.1% from the December 31st total of 6,208,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 324,720.0 days.

Weimob Price Performance

WEMXF stock remained flat at $0.40 during midday trading on Wednesday. The business has a 50 day moving average of $0.29 and a 200-day moving average of $0.36. Weimob has a twelve month low of $0.21 and a twelve month high of $0.21.

About Weimob

Weimob Inc, an investment holding company, provides digital commerce and media services in the People's Republic of China. It operates through Subscription Solutions and Merchant Solutions segments. The Subscription Solutions segment provides cloud-hosted commerce and marketing software as a service products; customized software; customization services; applications developed by third-party vendors on the WOS; and other software related services; as well as ERP solutions, including WeiMall, Smart Retail, Smart Hotel, Heading ERP, and others.