Webus International Limited (NASDAQ:WETO) Short Interest Update

Webus International Limited (NASDAQ:WETO) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 14,900 shares, a decline of 58.5% from the September 15th total of 35,900 shares. Based on an average daily trading volume, of 180,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 180,500 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WETO shares. Wall Street Zen raised Webus International to a “hold” rating in a report on Friday, July 18th. Weiss Ratings restated a “sell (e)” rating on shares of Webus International in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Webus International Stock Performance

Shares of WETO stock opened at $1.59 on Monday. Webus International has a twelve month low of $1.48 and a twelve month high of $4.30. The stock’s fifty day simple moving average is $2.06 and its 200 day simple moving average is $2.58.

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.