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

Webuy Global Ltd (NASDAQ:WBUY) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 110,200 shares, a decline of 54.1% from the October 15th total of 240,200 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 30,960,000 shares, the days-to-cover ratio is presently 0.0 days.

Webuy Global Price Performance

Shares of NASDAQ WBUY traded down $0.03 during trading hours on Thursday, hitting $0.20. 5,267,316 shares of the stock were exchanged, compared to its average volume of 10,376,957. 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 has a fifty day moving average price of $0.14 and a 200-day moving average price of $0.22. Webuy Global has a 12 month low of $0.11 and a 12 month 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.