Webus International Limited (NASDAQ:WETO – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 3,347 shares, a decrease of 87.2% from the April 30th total of 26,122 shares. Based on an average daily volume of 43,286 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Webus International Trading Down 4.8%
Shares of NASDAQ WETO traded down $0.05 during midday trading on Friday, reaching $0.99. The company had a trading volume of 32,873 shares, compared to its average volume of 1,156,328. Webus International has a one year low of $0.36 and a one year high of $4.25. The firm’s fifty day moving average price is $0.59 and its 200-day moving average price is $0.68.
Shares of Webus International are scheduled to reverse split on the morning of Tuesday, June 2nd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 1st.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Webus International presently has a consensus rating of “Sell”.
View Our Latest Research Report on WETO
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.
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