Webus International Limited (NASDAQ:WETO) Sees Significant Drop in Short Interest

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Webus International has a consensus rating of “Sell”.

Webus International Price Performance

Shares of NASDAQ WETO opened at $0.47 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $0.76 and a 200 day moving average price of $1.35. Webus International has a 12-month low of $0.45 and a 12-month high of $4.30.

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.