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 July. As of July 15th, there was short interest totaling 62,496 shares, a growth of 90.3% from the June 30th total of 32,846 shares. Based on an average daily volume of 163,212 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Webus International Price Performance

NASDAQ:WETO opened at $0.04 on Thursday. The business’s fifty day moving average price is $0.80 and its 200 day moving average price is $0.64. Webus International has a 1-year low of $0.04 and a 1-year high of $2.51.

Webus International (NASDAQ:WETO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter. The business had revenue of $0.68 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus 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.