Webus International Limited (NASDAQ:WETO – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 23,653 shares, an increase of 113.1% from the December 15th total of 11,098 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 96,565 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 96,565 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Webus International Trading Up 1.1%
NASDAQ:WETO opened at $0.72 on Friday. The company has a fifty day moving average price of $0.89 and a 200 day moving average price of $1.55. Webus International has a one year low of $0.70 and a one year high of $4.30.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Webus International in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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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