Webus International Limited (NASDAQ:WETO) Sees Significant Growth in Short Interest

Webus International Limited (NASDAQ:WETO) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 35,047 shares, a growth of 475.6% from the August 15th total of 6,089 shares. Based on an average daily trading volume, of 8,620,252 shares, the short-interest ratio is presently 0.0 days. Currently, 3.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Webus International Stock Up 7.1%

Shares of NASDAQ:WETO opened at $2.58 on Friday. Webus International has a 12-month low of $2.25 and a 12-month high of $251.00. The business’s 50 day moving average is $24.89 and its 200 day moving average is $52.53.

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.