Webus International Limited (NASDAQ:WETO – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 35,047 shares, an increase of 475.6% from the August 15th total of 6,089 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 8,620,252 shares, the days-to-cover ratio is currently 0.0 days.
Webus International Stock Down 5.4%
Webus International stock opened at $2.44 on Friday. Webus International has a 1-year low of $2.25 and a 1-year high of $251.00. The company has a fifty day simple moving average of $23.35 and a 200 day simple moving average of $52.17.
Wall Street Analysts Forecast Growth
WETO has been the topic of several research reports. Weiss Ratings cut Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded Webus International to a “strong sell” rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Webus International currently has a consensus 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.
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