Weyland Tech Retains BUYINS.NET To Surveil Market Makers and Short Sellers
Approximately 773,000 Total Shares Shorted Since September 2015; Short Squeeze Expected When Share Price Exceeds $3.78 SqueezeTrigger
HONG KONG–(Marketwired – Aug 28, 2017) – Weyland Tech, Inc. (OTCQB: WEYL) (“Weyland” or ” the Company”), a provider of mobile business applications, announced it has retained BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance. BUYINS.NET has initiated coverage on Weyland Tech after releasing the latest short sale data through August 25, 2017. The total aggregate number of shares shorted since September 2015 is approximately 773,000 shares. Approximately 34.55% of daily trading volume is short selling. The SqueezeTrigger price for all WEYL shares shorted is $3.78. Shares of WEYL are expected to squeeze when they cross above the $3.78 SqueezeTrigger Price.
Click here to view Report: http://www.buyins.com/reports/weyl8-26-17.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images2/weylstr8-26-17.jpg
Click here for Friction Factor: http://www.buyins.com/images2/WEYLff8-26-17.jpg
Click here for detailed explanation: http://www.buyins.com/brochure.pdf
Friction Factor calculates if a fair market is being made in the shares of WEYL. 37% of the previous 38 trading days have been positive or bullish-biased and 63% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies for investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker’s activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors WEYL market-makers daily for compliance with Fair Market-Making Requirements.
About Weyland Tech, Inc.
Weyland Tech’s “CreateApp” platform focuses on the Asia markets. The CreateApp platform is offered in 12 languages and enables small-medium-sized businesses (“SMB’s”) to create a mobile application (“app”) without the need of technical knowledge and background. SMB’s can increase sales, reach more customers and promote their products and services with a simple easy to build mobile app at an affordable and cost-effective manner, http://www.weyland-tech.com/
BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies and comparable valuations.
BUYINS.NET is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. WEYL has paid $1,500 per month for twelve months of data provided in this and subsequent reports. WEYL has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements.” The statements regarding the continued growth of the mobile app segment and the ability of the Company to continue its expansion into that segment and the ability of the Company to attract customers and partners and generate revenues. Often these forward-looking statements are identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). Expressly, all forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.