Webus International Limited (NASDAQ:WETO) Short Interest Update

Webus International Limited (NASDAQ:WETO) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,089 shares, a decline of 99.0% from the July 30th total of 582,939 shares. Based on an average daily trading volume, of 6,212,576 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.6% of the company’s shares are short sold.

Webus International Price Performance

Shares of WETO traded up $0.72 during mid-day trading on Tuesday, hitting $28.31. 138,221 shares of the company’s stock traded hands, compared to its average volume of 823,143. The business’s 50-day moving average price is $45.56 and its 200-day moving average price is $56.25. Webus International has a 1 year low of $2.70 and a 1 year high of $251.00.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. 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. Wall Street Zen cut shares of Webus International to a “strong sell” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Webus International Company Profile

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.