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

Webus International Limited (NASDAQ:WETO) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 582,939 shares, a growth of 832.8% from the July 15th total of 62,496 shares. Based on an average daily volume of 140,675,280 shares, the short-interest ratio is currently 0.0 days. Approximately 54.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Webus International currently has an average rating of “Sell”.

Webus International Stock Down 9.1%

NASDAQ:WETO traded down $0.45 during mid-day trading on Tuesday, reaching $4.50. 64,004 shares of the company were exchanged, compared to its average volume of 204,190. Webus International has a 12 month low of $2.70 and a 12 month high of $251.00. The company has a fifty day moving average of $62.72 and a 200 day moving average of $59.28.

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.