Webuy Global Ltd (NASDAQ:WBUY) Short Interest Up 64.5% in August

Webuy Global Ltd (NASDAQ:WBUY) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,320,000 shares, an increase of 64.5% from the July 31st total of 1,410,000 shares. Currently, 13.6% of the shares of the stock are short sold. Based on an average trading volume of 3,490,000 shares, the short-interest ratio is currently 0.7 days.

Webuy Global Stock Down 8.9 %

Shares of Webuy Global stock opened at $0.13 on Wednesday. The company has a 50 day moving average of $0.15 and a 200-day moving average of $0.33. Webuy Global has a 1-year low of $0.11 and a 1-year high of $14.30.

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.