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

Webus International Limited (NASDAQ:WETO) was the target of a significant growth in short interest in the month of 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. Based on an average daily volume of 6,123,534 shares, the short-interest ratio is currently 0.1 days. Currently, 32.3% of the company’s shares are sold short.

Webus International Stock Performance

Shares of WETO traded up $0.45 during trading hours on Thursday, hitting $1.90. The stock had a trading volume of 28,214,311 shares, compared to its average volume of 6,744,586. Webus International has a 1-year low of $1.45 and a 1-year high of $251.00. The firm has a 50 day simple moving average of $12.20 and a 200-day simple moving average of $49.58.

Analysts Set New Price Targets

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

Webus International Company Profile

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.