Weimob Inc. (OTCMKTS:WEMXF) Sees Significant Increase in Short Interest

Weimob Inc. (OTCMKTS:WEMXF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 32,472,000 shares, an increase of 423.1% from the December 31st total of 6,208,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 324,720.0 days.

Weimob Price Performance

Shares of OTCMKTS WEMXF remained flat at $0.40 during midday trading on Tuesday. Weimob has a twelve month low of $0.21 and a twelve month high of $0.21. The business has a 50-day simple moving average of $0.29 and a 200-day simple moving average of $0.36.

About Weimob

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.