Webus International Limited (NASDAQ:WETO – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 349,093 shares, a growth of 896.1% from the August 31st total of 35,047 shares. Based on an average daily volume of 6,123,534 shares, the short-interest ratio is presently 0.1 days. Approximately 32.3% of the company’s stock are short sold.
Webus International Trading Down 10.0%
Shares of NASDAQ WETO traded down $0.19 during mid-day trading on Friday, reaching $1.71. 1,724,597 shares of the company’s stock were exchanged, compared to its average volume of 8,883,681. The firm has a 50-day moving average price of $10.85 and a two-hundred day moving average price of $49.24. Webus International has a 52 week low of $1.45 and a 52 week high of $251.00.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Wall Street Zen cut shares of Webus International to a “strong sell” rating in a research report on Saturday, August 22nd. Weiss Ratings lowered 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 MarketBeat.com, the stock has an average rating of “Sell”.
About Webus International
Webus International Limited is a China-based mobility and transportation services company. Through its operating businesses, the company provides bus and passenger transportation solutions designed to serve organizations, groups and individual travelers.
Its services include customized and chartered bus transportation, intercity travel and tourism-related transportation services. The company’s offerings are intended to support corporate, institutional, group and leisure travel needs, with operations focused primarily on the Chinese market.
Webus International is headquartered in China and operates through subsidiaries and affiliated transportation businesses.
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