Short Interest in Webus International Limited (NASDAQ:WETO) Rises By 140.3%

Webus International Limited (NASDAQ:WETO) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 11,098 shares, a growth of 140.3% from the November 30th total of 4,618 shares. Based on an average daily volume of 12,901 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,901 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Webus International Trading Up 10.5%

NASDAQ WETO opened at $0.97 on Friday. The stock has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $1.73. Webus International has a twelve month low of $0.80 and a twelve month 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.