Webus International Limited (NASDAQ:WETO) Stock Short Interest Report for September

Webus International Limited (NASDAQ:WETO) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 2,164,479 shares, a growth of 520.0% from the September 15th total of 349,093 shares. Based on an average daily trading volume, of 8,590,873 shares, the days-to-cover ratio is currently 0.3 days. Approximately 200.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WETO. 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. Wall Street Zen lowered Webus International to a “strong sell” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Webus International Stock Performance

Shares of Webus International stock opened at $1.06 on Friday. Webus International has a 12 month low of $0.99 and a 12 month high of $202.99. The stock’s fifty day moving average price is $6.77 and its 200-day moving average price is $45.47.

Webus International Company Profile

Webus International Limited (NASDAQ: WETO) is a China-based mobility services company focused on providing intercity transportation solutions. Through its operating businesses, the company offers services designed to connect passengers between cities and other destinations.

Its reported service offerings include intercity shuttle transportation, customized bus services and charter bus arrangements. These services are intended to support individual passengers, groups and organizations seeking scheduled or tailored ground transportation.

Webus International was established in 2016 and is headquartered in Shanghai, China.