Webus International Limited (NASDAQ:WETO) Short Interest Update

Webus International Limited (NASDAQ:WETO) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 35,047 shares, an increase of 475.6% from the August 15th total of 6,089 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 8,620,252 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Webus International Stock Performance

Webus International stock opened at $2.44 on Friday. Webus International has a 52-week low of $2.25 and a 52-week high of $251.00. The stock’s 50 day moving average price is $23.35 and its two-hundred day moving average price is $52.17.

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.