Short Interest in Webuy Global Ltd (NASDAQ:WBUY) Declines By 47.2%

Webuy Global Ltd (NASDAQ:WBUY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 1,400,000 shares, a decline of 47.2% from the November 30th total of 2,650,000 shares. Based on an average trading volume of 41,530,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 5.3% of the shares of the stock are short sold.

Webuy Global Trading Down 5.7 %

NASDAQ:WBUY opened at $0.18 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.14. Webuy Global has a 1-year low of $0.11 and a 1-year high of $0.82. The business’s 50-day moving average price is $0.17 and its two-hundred day moving average price is $0.15.

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.