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

Webus International Limited (NASDAQ:WETO – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 62,496 shares, an increase of 90.3% from the June 30th total of 32,846 shares. Based on an average daily volume of 163,212 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock 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 report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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Webus International Stock Down 14.9%

Shares of NASDAQ WETO opened at $0.04 on Thursday. Webus International has a 12 month low of $0.04 and a 12 month high of $2.51. The business has a fifty day simple moving average of $0.80 and a 200-day simple moving average of $0.64.

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