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

Webus International Limited (NASDAQ:WETO) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 27,850 shares, an increase of 172.5% from the March 15th total of 10,221 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 9,291,361 shares, the short-interest ratio is currently 0.0 days.

Webus International Stock Performance

Shares of Webus International stock opened at $0.49 on Friday. The stock’s 50-day moving average is $0.50 and its 200-day moving average is $0.91. Webus International has a one year low of $0.36 and a one year high of $4.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.