Short Interest in Weimob Inc. (OTCMKTS:WEMXF) Drops By 96.3%

Weimob Inc. (OTCMKTS:WEMXF) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,202,000 shares, a decline of 96.3% from the December 31st total of 32,472,000 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Weimob Price Performance

Shares of WEMXF stock remained flat at $0.40 during mid-day trading on Thursday. Weimob has a 12-month low of $0.21 and a 12-month high of $0.21. The firm has a 50-day moving average price of $0.30 and a 200-day moving average price of $0.36.

About Weimob

Weimob Inc, an investment holding company, provides digital commerce and media services in the People's Republic of China. It operates through Subscription Solutions and Merchant Solutions segments. The Subscription Solutions segment provides cloud-hosted commerce and marketing software as a service products; customized software; customization services; applications developed by third-party vendors on the WOS; and other software related services; as well as ERP solutions, including WeiMall, Smart Retail, Smart Hotel, Heading ERP, and others.