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

Webus International Limited (NASDAQ:WETO) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 349,093 shares, a growth of 896.1% from the August 31st total of 35,047 shares. Currently, 32.3% of the company’s stock are sold short. Based on an average daily volume of 6,123,534 shares, the short-interest ratio is currently 0.1 days.

Webus International Price Performance

Shares of NASDAQ WETO traded up $0.45 during midday trading on Thursday, reaching $1.90. The company’s stock had a trading volume of 28,214,311 shares, compared to its average volume of 6,744,586. Webus International has a 12-month low of $1.45 and a 12-month high of $251.00. The firm has a 50 day moving average price of $12.20 and a 200-day moving average price of $49.58.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WETO shares. Wall Street Zen lowered Webus International to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings lowered Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Webus International

Webus International Limited is a China-based mobility and transportation services company. Through its operating businesses, the company provides bus and passenger transportation solutions designed to serve organizations, groups and individual travelers.

Its services include customized and chartered bus transportation, intercity travel and tourism-related transportation services. The company’s offerings are intended to support corporate, institutional, group and leisure travel needs, with operations focused primarily on the Chinese market.

Webus International is headquartered in China and operates through subsidiaries and affiliated transportation businesses.