HWH International Inc. (NASDAQ:HWH) Sees Significant Decrease in Short Interest

HWH International Inc. (NASDAQ:HWH) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 57,300 shares, a decrease of 37.0% from the October 15th total of 90,900 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 265,300 shares, the days-to-cover ratio is currently 0.2 days.

HWH International Stock Performance

Shares of NASDAQ:HWH opened at $0.72 on Friday. HWH International has a fifty-two week low of $0.41 and a fifty-two week high of $12.70. The firm’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.89.

Insiders Place Their Bets

In related news, CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average cost of $0.63 per share, with a total value of $3,801,758.31. Following the completion of the purchase, the chief executive officer now directly owns 19,264,692 shares in the company, valued at approximately $12,136,755.96. This trade represents a 45.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 86.60% of the company’s stock.

HWH International Company Profile

HWH International Inc operates a marketplace to provide products and services for health, wealth, and happiness. The company operates through HWH Marketplace, Hapi Cafés, Hapi Travel, and Hapi Wealth Builder segments. The HWH Marketplace segment provides products manufactured by its affiliate companies at a discounted price to its members.