What’s 58.COM Inc American Depositary Shares Each Repre (NYSE:WUBA) Upside After This Short Interest Decrease?

The stock of 58.COM Inc American Depositary Shares Each Repre (NYSE:WUBA) registered a decrease of 17.78% in short interest. WUBA’s total short interest was 1.89M shares in September as published by FINRA. Its down 17.78% from 2.29 million shares, reported previously. With 854,800 shares average volume, it will take short sellers 2 days to cover their WUBA’s short positions. The short interest to 58.COM Inc American Depositary Shares Each Repre’s float is 1.65%.

The stock increased 4.95% or $2.73 during the last trading session, reaching $57.9. About 1.19M shares traded or 50.49% up from the average. 58.com Inc. (NYSE:WUBA) has declined 15.08% since September 11, 2018 and is downtrending. It has underperformed by 15.08% the S&P500.

58.com Inc. operates online classifieds and listing platforms that enable local merchants and clients to connect, share information, and conduct business in China. The company has market cap of $8.42 billion. It primarily operates online multi-content category-classified advertising platforms under the 58 and Ganji names; and Anjuke, an online real estate listing platform. It has a 28.52 P/E ratio. The company??s platform contains local information of approximately 500 cities or towns in various content categories, including jobs, real estate, used goods, automotive, and yellow pages.

More notable recent 58.com Inc. (NYSE:WUBA) news were published by: Prnewswire.com which released: “58.com Creates New President of International Business Role and Appoints Chief Financial Officer – PRNewswire” on September 10, 2019, also Benzinga.com with their article: “6 Technology Stocks Moving In Thursday’s Pre-Market Session – Benzinga” published on August 22, 2019, Prnewswire.com published: “58.com Reports Second Quarter 2019 Unaudited Financial Results – PRNewswire” on August 21, 2019. More interesting news about 58.com Inc. (NYSE:WUBA) were released by: Seekingalpha.com and their article: “BOCOM downgrades 58.com; shares -5.1% – Seeking Alpha” published on August 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should You Be Adding 58.com (NYSE:WUBA) To Your Watchlist Today? – Yahoo Finance” with publication date: July 25, 2019.

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