HWH International Inc. (NASDAQ:HWH) Sees Significant Growth in Short Interest

HWH International Inc. (NASDAQ:HWH) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 1,120,000 shares, a growth of 2,319.0% from the November 15th total of 46,300 shares. Based on an average daily trading volume, of 802,300 shares, the days-to-cover ratio is currently 1.4 days. Currently, 5.0% of the shares of the stock are short sold.

Insiders Place Their Bets

In other HWH International news, Director Heng Fai Ambrose Chan bought 4,411,764 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $0.68 per share, with a total value of $2,999,999.52. Following the completion of the purchase, the director now directly owns 11,387,954 shares in the company, valued at approximately $7,743,808.72. This trade represents a 63.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 86.60% of the stock is owned by insiders.

HWH International Price Performance

Shares of NASDAQ:HWH opened at $0.61 on Friday. The company’s fifty day moving average is $0.80 and its two-hundred day moving average is $0.81. HWH International has a 12-month low of $0.41 and a 12-month high of $10.80.

HWH International Company Profile

HWH International Inc operates a marketplace to provide products and services for health, wealth, and happiness. The company operates through HWH Marketplace, Hapi Cafés, Hapi Travel, and Hapi Wealth Builder segments. The HWH Marketplace segment provides products manufactured by its affiliate companies at a discounted price to its members.