Webus International Limited (NASDAQ:WETO) Short Interest Update

Webus International Limited (NASDAQ:WETO) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 349,093 shares, a growth of 896.1% from the August 31st total of 35,047 shares. Currently, 32.3% of the company’s shares are sold short. Based on an average trading volume of 6,123,534 shares, the short-interest ratio is presently 0.1 days.

Webus International Trading Up 31.0%

WETO stock opened at $1.90 on Friday. The business’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $49.58. Webus International has a 1-year low of $1.45 and a 1-year high of $251.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Webus International to a “strong sell” rating in a research report on Saturday, August 22nd. Weiss Ratings cut Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Webus International has a consensus rating of “Sell”.

About Webus International

Webus International Limited is a China-based mobility and transportation services company. Through its operating businesses, the company provides bus and passenger transportation solutions designed to serve organizations, groups and individual travelers.

Its services include customized and chartered bus transportation, intercity travel and tourism-related transportation services. The company’s offerings are intended to support corporate, institutional, group and leisure travel needs, with operations focused primarily on the Chinese market.

Webus International is headquartered in China and operates through subsidiaries and affiliated transportation businesses.