What’s Next for WEYLAND TECH INC (OTCMKTS:WEYL) After Having More Shares Shorted?

June 15, 2018 - By Marguerite Chambers

Weyland Tech Inc. (OTCMKTS:WEYL) Logo

The stock of WEYLAND TECH INC (OTCMKTS:WEYL) registered an increase of 300% in short interest. WEYL’s total short interest was 400 shares in June as published by FINRA. Its up 300% from 100 shares, reported previously.

The stock decreased 5.88% or $0.1 during the last trading session, reaching $1.6. About shares traded. Weyland Tech Inc. (OTCMKTS:WEYL) has 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

Weyland Tech Inc. provides e-commerce solutions and services that facilitate business-to-consumer and business-to-business transactions to small-medium-sized businesses and resellers. The company has market cap of $47.23 million. It offers CreateApp platform to create a mobile application in Singapore, India, and the United States/Canada; and DIY App builder through a white label platform in European Union, Malaysia, Hong Kong, South China, Indonesia, North America, Korea, Thailand, and The Philippines. It currently has negative earnings. The firm was formerly known as Seratosa, Inc. and changed its name to Weyland Tech Inc. in September 2015.

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