Webus International Limited (NASDAQ:WETO) Short Interest Down 41.5% in January

Webus International Limited (NASDAQ:WETO) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 13,022 shares, a decline of 41.5% from the January 15th total of 22,261 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,191 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 11,191 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.

Webus International Price Performance

Shares of WETO opened at $0.47 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average price is $0.76 and its 200 day moving average price is $1.36. Webus International has a 52 week low of $0.45 and a 52 week high of $4.30.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Webus International in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Webus International currently has a consensus rating of “Sell”.

Webus International Company Profile

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.