Webuy Global Ltd (NASDAQ:WBUY) Short Interest Down 88.0% in January

Webuy Global Ltd (NASDAQ:WBUY) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 208,700 shares, a decline of 88.0% from the December 31st total of 1,740,000 shares. Based on an average daily volume of 42,680,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.8% of the shares of the company are short sold.

Webuy Global Stock Performance

Shares of NASDAQ:WBUY traded down $0.04 during midday trading on Thursday, reaching $0.08. 4,611,066 shares of the company’s stock traded hands, compared to its average volume of 4,495,941. The company has a fifty day simple moving average of $0.17 and a two-hundred day simple moving average of $0.15. Webuy Global has a 1 year low of $0.11 and a 1 year high of $0.82. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.03.

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.