Short Interest in Webus International Limited (NASDAQ:WETO) Drops By 58.5%

Webus International Limited (NASDAQ:WETO) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 14,900 shares, a decrease of 58.5% from the September 15th total of 35,900 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 180,500 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 180,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Analysts Set New Price Targets

WETO has been the topic of several recent research reports. Weiss Ratings restated a “sell (e)” rating on shares of Webus International in a research report on Saturday, September 27th. Wall Street Zen upgraded Webus International to a “hold” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Webus International Trading Up 1.6%

Shares of WETO stock opened at $1.59 on Friday. Webus International has a 52-week low of $1.48 and a 52-week high of $4.30. The business’s fifty day moving average is $2.06 and its 200 day moving average is $2.59.

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.