WeTrade Group, Inc. (NASDAQ:WETG) Sees Large Decrease in Short Interest

WeTrade Group, Inc. (NASDAQ:WETG) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,000 shares, a drop of 78.8% from the February 29th total of 85,000 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 93,200 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On WeTrade Group

A number of large investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of WeTrade Group in the fourth quarter worth approximately $109,000. Bridgeway Capital Management LLC acquired a new stake in shares of WeTrade Group in the fourth quarter worth approximately $124,000. Virtu Financial LLC acquired a new position in WeTrade Group during the fourth quarter valued at approximately $25,000. UBS Group AG lifted its position in WeTrade Group by 958.4% during the fourth quarter. UBS Group AG now owns 85,941 shares of the company’s stock valued at $29,000 after buying an additional 77,821 shares in the last quarter. Finally, Two Sigma Securities LLC lifted its position in WeTrade Group by 1,715.3% during the first quarter. Two Sigma Securities LLC now owns 253,757 shares of the company’s stock valued at $65,000 after buying an additional 239,778 shares in the last quarter. Hedge funds and other institutional investors own 2.71% of the company’s stock.

WeTrade Group Trading Up 30.7 %

Shares of WETG opened at $5.83 on Thursday. The company has a 50-day simple moving average of $3.40 and a 200-day simple moving average of $6.51. WeTrade Group has a 52-week low of $2.11 and a 52-week high of $56.04.

WeTrade Group Company Profile

WeTrade Group, Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems.