Webus International Limited (NASDAQ:WETO) Short Interest Update

Webus International Limited (NASDAQ:WETO) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 62,496 shares, a growth of 90.3% from the June 30th total of 32,846 shares. Based on an average daily trading volume, of 163,212 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Webus International Stock Performance

WETO opened at $0.03 on Friday. Webus International has a 52 week low of $0.03 and a 52 week high of $2.51. The business has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.63.

Webus International’s stock is going to reverse split on Monday, August 3rd. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.

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 company had revenue of $0.68 million during the quarter.

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.