Webus International Limited (NASDAQ:WETO) Short Interest Up 130.9% in October

Webus International Limited (NASDAQ:WETO) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 34,400 shares, a growth of 130.9% from the September 30th total of 14,900 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 128,700 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 128,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WETO shares. Weiss Ratings reissued a “sell (e)” rating on shares of Webus International in a research note 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 a consensus rating of “Sell”.

Webus International Stock Down 8.8%

WETO stock opened at $1.25 on Friday. Webus International has a 52 week low of $1.12 and a 52 week high of $4.30. The firm’s fifty day moving average is $1.95 and its 200 day moving average is $2.43.

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.