Short Interest in Webuy Global Ltd (NASDAQ:WBUY) Rises By 763.7%

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

Webuy Global Price Performance

Webuy Global stock opened at $0.19 on Friday. Webuy Global has a 12 month low of $0.11 and a 12 month high of $14.30. The business’s fifty day simple moving average is $0.15 and its two-hundred day simple moving average is $0.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.14.

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.