Weshop Holdings Ltd (NASDAQ:WSHP) Sees Significant Increase in Short Interest

Weshop Holdings Ltd (NASDAQ:WSHP) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 365,336 shares, an increase of 74.3% from the September 15th total of 209,559 shares. Based on an average daily volume of 237,554 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

WSHP has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Weshop in a research report on Monday, September 14th. Wall Street Zen downgraded shares of Weshop from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Weshop presently has an average rating of “Sell”.

Weshop Price Performance

WSHP traded down $0.30 on Friday, hitting $3.08. The company had a trading volume of 386,050 shares, compared to its average volume of 470,137. Weshop has a 12-month low of $2.86 and a 12-month high of $250.00. The company has a fifty day simple moving average of $5.10.

Weshop (NASDAQ:WSHP) last released its earnings results on Monday, August 24th. The company reported ($0.30) earnings per share for the quarter. The business had revenue of $0.04 million for the quarter.

Weshop Company Profile

Weshop Holdings Limited operates a social-commerce platform designed to connect consumers, merchants and content creators through online shopping and product recommendations. Its platform enables users to discover products, share shopping content and make purchases, while merchants can promote and sell products through digital channels.

The company’s business model is focused on combining e-commerce with social networking and affiliate-style marketing, allowing participating users and creators to help generate product awareness and sales.