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

Webus International Limited (NASDAQ:WETO) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 10,221 shares, an increase of 48.3% from the February 26th total of 6,894 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 15,761 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Webus International Stock Performance

Shares of NASDAQ:WETO opened at $0.45 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.66 and a current ratio of 1.66. The business has a 50 day simple moving average of $0.54 and a two-hundred day simple moving average of $1.03. Webus International has a 1 year low of $0.41 and a 1 year high of $4.30.

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.