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

Webus International Limited (NASDAQ:WETO) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 35,047 shares, a growth of 475.6% from the August 15th total of 6,089 shares. Based on an average daily volume of 8,620,252 shares, the short-interest ratio is presently 0.0 days. Approximately 3.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of 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 note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Webus International Stock Up 7.1%

Shares of Webus International stock opened at $2.58 on Friday. Webus International has a 1 year low of $2.25 and a 1 year high of $251.00. The stock has a fifty day moving average price of $24.89 and a 200-day moving average price of $52.53.

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.