WeTrade Group, Inc. (NASDAQ:WETG) Sees Large Decrease in Short Interest

WeTrade Group, Inc. (NASDAQ:WETG) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 18,000 shares, a decrease of 78.8% from the February 29th total of 85,000 shares. Based on an average daily trading volume, of 93,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of WeTrade Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP boosted its stake in WeTrade Group by 3,842.7% during the 4th quarter. Susquehanna International Group LLP now owns 806,834 shares of the company’s stock valued at $274,000 after purchasing an additional 786,370 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in WeTrade Group in the 4th quarter worth $124,000. Citadel Advisors LLC bought a new stake in WeTrade Group during the fourth quarter valued at about $109,000. Two Sigma Securities LLC raised its holdings in WeTrade Group by 1,715.3% during the first quarter. Two Sigma Securities LLC now owns 253,757 shares of the company’s stock valued at $65,000 after acquiring an additional 239,778 shares during the period. Finally, UBS Group AG raised its holdings in WeTrade Group by 958.4% during the fourth quarter. UBS Group AG now owns 85,941 shares of the company’s stock valued at $29,000 after acquiring an additional 77,821 shares during the period. Hedge funds and other institutional investors own 2.71% of the company’s stock.

WeTrade Group Stock Performance

WeTrade Group stock opened at $5.83 on Thursday. The stock’s 50 day moving average is $3.40 and its 200 day moving average is $6.51. WeTrade Group has a twelve month low of $2.11 and a twelve month high of $56.04.

WeTrade Group Company Profile

WeTrade Group, Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems.