Webus International Limited (NASDAQ:WETO) Short Interest Update

Webus International Limited (NASDAQ:WETO) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 6,089 shares, a decline of 99.0% from the July 30th total of 582,939 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 6,212,576 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings cut 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 lowered Webus International to a “strong sell” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Webus International Stock Up 2.6%

Webus International stock opened at $28.31 on Wednesday. The stock’s 50 day moving average is $45.56 and its 200 day moving average is $56.25. Webus International has a one year low of $2.70 and a one year high of $251.00.

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.