Webus International Limited (NASDAQ:WETO) Stock Short Interest Report for September

Webus International Limited (NASDAQ:WETO) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 2,164,479 shares, a growth of 520.0% from the September 15th total of 349,093 shares. Currently, 200.4% of the company’s stock are sold short. Based on an average daily trading volume, of 8,590,873 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WETO. Weiss Ratings downgraded shares of Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Webus International to a “strong sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Webus International Stock Down 1.9%

Shares of WETO opened at $1.06 on Friday. The stock has a 50-day moving average of $6.77 and a two-hundred day moving average of $45.47. Webus International has a one year low of $0.99 and a one year high of $202.99.

Webus International Company Profile

Webus International Limited (NASDAQ: WETO) is a China-based mobility services company focused on providing intercity transportation solutions. Through its operating businesses, the company offers services designed to connect passengers between cities and other destinations.

Its reported service offerings include intercity shuttle transportation, customized bus services and charter bus arrangements. These services are intended to support individual passengers, groups and organizations seeking scheduled or tailored ground transportation.

Webus International was established in 2016 and is headquartered in Shanghai, China.