Short Interest in Webuy Global Ltd (NASDAQ:WBUY) Decreases By 71.1%

Webuy Global Ltd (NASDAQ:WBUY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 670,600 shares, a decline of 71.1% from the August 15th total of 2,320,000 shares. Based on an average daily volume of 2,790,000 shares, the short-interest ratio is presently 0.2 days. Currently, 3.3% of the shares of the stock are sold short.

Webuy Global Price Performance

Shares of NASDAQ:WBUY remained flat at $0.12 during midday trading on Friday. The stock had a trading volume of 228,710 shares, compared to its average volume of 666,722. The company has a 50-day simple moving average of $0.14 and a two-hundred day simple moving average of $0.30. Webuy Global has a 52-week low of $0.11 and a 52-week high of $14.30.

Webuy Global Company Profile

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.