Webus International Limited (NASDAQ:WETO) Sees Large Increase in Short Interest

Webus International Limited (NASDAQ:WETO) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 44,725 shares, an increase of 1,236.3% from the May 14th total of 3,347 shares. Based on an average daily trading volume, of 320,923 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Webus International Trading Up 1.8%

Webus International stock traded up $0.02 during midday trading on Tuesday, reaching $1.11. 64,813 shares of the stock traded hands, compared to its average volume of 181,856. The firm has a fifty day moving average price of $0.66 and a two-hundred day moving average price of $0.68. Webus International has a fifty-two week low of $0.36 and a fifty-two week high of $4.18.

Webus International (NASDAQ:WETO) last posted its earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.68 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Webus International in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Webus International

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.