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 the month of March. As of March 13th, there was short interest totaling 10,221 shares, an increase of 48.3% from the February 26th total of 6,894 shares. Based on an average daily trading volume, of 15,761 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, the stock has an average rating of “Sell”.

Webus International Price Performance

Webus International stock opened at $0.45 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a 50-day moving average of $0.54 and a two-hundred day moving average of $1.04. Webus International has a 1 year low of $0.41 and a 1 year high of $4.30.

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.