Wetour Robotics shares inched up 2.2% this week to $0.54 amid wild swings in short interest and persistently elevated borrow costs. Short interest doubled in a day before collapsing 71% over the week. Cost to borrow sits at 26%, up more than 1,000% in a month. Utilisation remains subdued at 5.6%, down from a March high of 64%.
WETO closed at $0.5439 on April 24, up 2.2% from a day earlier. The stock slid 0.8% over the past week and has dropped 6.5% in a month. No market cap data is available for the Nasdaq-listed passenger ground transportation name.
Short interest stood at 5,487 shares on April 23, representing just 0.02% of the float. That figure jumped 173% in a single session after tripling from 2,010 shares on April 22. Over the past week, however, short interest fell 71% from 19,211 shares on April 15. The month-long trajectory shows a 3.3% decline from early-March levels near 5,244 shares.
The recent reading is a fraction of the March 19 peak of 1.19 million shares. Short interest has whipsawed between a low of 546 shares (April 20) and that March high over the past 30 days. FINRA's fortnightly report showed 20,987 shares short as of the April 15 settlement date, with 1.0 day to cover.
Cost to borrow averaged 26.07% on April 23, down 8.9% from 28.62% a week earlier. The borrowing fee has climbed 1,023% in a month from 2.32% on March 13. The 26% level is well above the March low of 1.73% but remains below the March 20 spike to 37%. Borrow costs have oscillated between 1.73% and 37% over the past 30 days.
Utilisation sat at 5.63% on April 23. That is up from 3.63% a day prior and 1.97% on April 21, but down sharply from 12.65% on April 15 and 25.22% on April 10. The stock hit a 52-week utilisation high of 100%. Over the trailing month, utilisation peaked at 64.47% on March 19, then collapsed to as low as 0.05% on March 17. The current 5.6% reading is at the lower end of the recent range.
Enterprise value was $13.66 million at year-end 2026. The stock ranks in the 41st percentile for short score and the 98th percentile for days to cover. Utilisation ranks in the 50th percentile. Dividend score sits in the 20th percentile; sector score is at the 19th percentile.
Two named individuals—Jiahua Zheng and Nan Zheng—each hold approximately 8.15 million shares, or just under 10% of outstanding shares. Both positions were unchanged as of the March 18 filing. Citadel Advisors added 11,443 shares in the quarter ended December 31, representing a 0.014% stake. Total institutional holder count stands at three.
No upcoming earnings date is scheduled. The company last reported on February 9, 2026. With short interest volatile, borrow costs elevated, and utilisation subdued, traders will monitor whether short sellers rebuild positions or continue to exit.
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