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

Webus International Limited (NASDAQ:WETO) was the target of a large 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 shares of the stock are sold short. Based on an average daily volume of 8,590,873 shares, the days-to-cover ratio is currently 0.3 days.

Webus International Price Performance

NASDAQ WETO traded down $0.02 during trading hours on Friday, reaching $1.06. 817,257 shares of the company’s stock were exchanged, compared to its average volume of 6,620,487. The company’s 50-day moving average is $6.77 and its two-hundred day moving average is $45.34. Webus International has a one year low of $0.99 and a one year high of $202.99.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WETO shares. Weiss Ratings cut 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 report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.