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

Weimob Inc. (OTCMKTS:WEMXF) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 27,186,000 shares, a drop of 17.3% from the February 13th total of 32,859,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Weimob Price Performance

Shares of WEMXF opened at $0.40 on Tuesday. Weimob has a 12-month low of $0.21 and a 12-month high of $0.21. The firm has a fifty day moving average price of $0.40 and a 200-day moving average price of $0.35.

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.