Webus International Limited (NASDAQ:WETO) Short Interest Up 1,236.3% in May

Webus International Limited (NASDAQ:WETO) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 44,725 shares, a growth of 1,236.3% from the May 14th total of 3,347 shares. Based on an average daily trading volume, of 320,923 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Webus International Trading Up 1.8%

Shares of Webus International stock opened at $1.11 on Wednesday. The stock has a 50 day moving average price of $0.66 and a 200-day moving average price of $0.68. Webus International has a one year low of $0.36 and a one year high of $4.18.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Webus International in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Webus International currently has a consensus 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.