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

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

Webuy Global Price Performance

Shares of NASDAQ:WBUY opened at $0.13 on Thursday. The business has a fifty day simple moving average of $0.18 and a 200 day simple moving average of $0.15. Webuy Global has a 12-month low of $0.11 and a 12-month high of $0.82. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.03.

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.