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

Webus International Limited (NASDAQ:WETOGet Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 44,725 shares, an increase of 1,236.3% from the May 14th total of 3,347 shares. Based on an average daily volume of 320,923 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Webus International in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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Webus International Trading Down 3.5%

Shares of Webus International stock traded down $0.04 during trading hours on Thursday, reaching $1.09. 15,086 shares of the company’s stock were exchanged, compared to its average volume of 1,068,451. The company has a fifty day moving average of $0.68 and a 200-day moving average of $0.68. Webus International has a 52-week low of $0.36 and a 52-week high of $4.18.

Webus International (NASDAQ:WETOGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.68 million for the quarter.

Webus International Company Profile

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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.

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