HWH International Inc. (NASDAQ:HWH) Sees Large Increase in Short Interest

HWH International Inc. (NASDAQ:HWH) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,120,000 shares, an increase 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 sold short.

Insiders Place Their Bets

In related news, CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of $0.63 per share, with a total value of $3,801,758.31. Following the acquisition, the chief executive officer now owns 19,264,692 shares of the company’s stock, valued at approximately $12,136,755.96. The trade was a 45.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 86.60% of the company’s stock.

HWH International Price Performance

Shares of HWH traded up $0.01 during midday trading on Wednesday, reaching $0.63. The stock had a trading volume of 495,918 shares, compared to its average volume of 697,977. The company’s 50-day moving average is $0.82 and its 200 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.