Webus International Limited (NASDAQ:WETO) Sees Significant Decrease in Short Interest

Webus International Limited (NASDAQ:WETO) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 13,022 shares, a decline of 41.5% from the January 15th total of 22,261 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 11,191 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 11,191 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the company’s shares are sold short.

Webus International Stock Performance

Shares of WETO opened at $0.47 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $0.77 and its 200-day moving average price is $1.36. Webus International has a 1-year low of $0.45 and a 1-year high of $4.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Webus International in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Webus International presently has a consensus rating of “Sell”.

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.