Webus International Limited (NASDAQ:WETO) Short Interest Down 24.6% in April

Webus International Limited (NASDAQ:WETO) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 20,987 shares, a decrease of 24.6% from the March 31st total of 27,850 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 88,260 shares, the days-to-cover ratio is presently 0.2 days.

Webus International Stock Performance

WETO stock opened at $0.53 on Friday. The firm’s fifty day moving average is $0.51 and its 200 day moving average is $0.77. Webus International has a one year low of $0.36 and a one year high of $4.27.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.