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

Weshop Holdings Ltd (NASDAQ:WSHP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 338,978 shares, a growth of 91.6% from the June 15th total of 176,920 shares. Based on an average daily volume of 1,289,155 shares, the days-to-cover ratio is currently 0.3 days.

Weshop Stock Up 0.4%

NASDAQ:WSHP opened at $4.84 on Friday. Weshop has a fifty-two week low of $4.57 and a fifty-two week high of $250.00.

Wall Street Analyst Weigh In

Several research firms recently commented on WSHP. Weiss Ratings started coverage on Weshop in a research note on Thursday, June 18th. They issued a “sell (e+)” rating for the company. Wall Street Zen upgraded Weshop from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Weshop has a consensus rating of “Sell”.

Weshop Company Profile

WeShop’s mission is to create a global, e-commerce social community empowered by user ownership. WeShop is a shoppable social network. It is a community built for shoppers to inspire, guide and earn rewards. In one platform, we have blended User-Generated Content specific to products, online retail, and a rewards mechanism relevant to people interested in share ownership. WeShop is a community owned social commerce platform offering shoppers the option to receive shares in the Company every time they make a purchase or refer a new user who makes purchases.