Webus International Limited (NASDAQ:WETO) Short Interest Up 832.8% in July

Webus International Limited (NASDAQ:WETO) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 582,939 shares, a growth of 832.8% from the July 15th total of 62,496 shares. Based on an average trading volume of 140,675,280 shares, the short-interest ratio is presently 0.0 days. Currently, 54.0% of the shares of the company are short sold.

Webus International Trading Down 9.1%

Shares of WETO stock opened at $4.50 on Wednesday. The stock has a 50 day simple moving average of $62.72 and a 200 day simple moving average of $59.28. Webus International has a 1 year low of $2.70 and a 1 year high of $251.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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 stock presently 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.