Short Interest in Weimob Inc. (OTCMKTS:WEMXF) Increases By 535.3%

Weimob Inc. (OTCMKTS:WEMXF) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 32,859,000 shares, an increase of 535.3% from the January 31st total of 5,172,000 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Weimob Price Performance

Shares of Weimob stock remained flat at $0.40 during trading hours on Thursday. The firm’s 50-day simple moving average is $0.37 and its two-hundred day simple moving average is $0.35. Weimob has a 52-week low of $0.21 and a 52-week high of $0.21.

Weimob Company Profile

Weimob Inc, an investment holding company, provides digital commerce and media services in the People's Republic of China. It operates through Subscription Solutions and Merchant Solutions segments. The Subscription Solutions segment provides cloud-hosted commerce and marketing software as a service products; customized software; customization services; applications developed by third-party vendors on the WOS; and other software related services; as well as ERP solutions, including WeiMall, Smart Retail, Smart Hotel, Heading ERP, and others.