Webus International Limited (NASDAQ:WETO – Get Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,089 shares, a decline of 99.0% from the July 30th total of 582,939 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 6,212,576 shares, the short-interest ratio is presently 0.0 days.
Webus International Trading Down 39.0%
Shares of WETO stock opened at $17.28 on Thursday. The business’s 50 day simple moving average is $43.89 and its 200 day simple moving average is $55.99. Webus International has a one year low of $2.70 and a one year high of $251.00.
Analysts Set New Price Targets
A number of analysts recently weighed in on WETO shares. Weiss Ratings downgraded Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. Wall Street Zen downgraded 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 MarketBeat, Webus International currently has an average rating of “Sell”.
About Webus International
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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