UTime Limited (NASDAQ:WTO) Short Interest Update

UTime Limited (NASDAQ:WTO) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 306,900 shares, a decrease of 55.8% from the February 28th total of 694,100 shares. Based on an average trading volume of 674,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.2% of the company’s stock are sold short.

UTime Trading Down 8.7 %

Shares of NASDAQ:WTO opened at $0.15 on Friday. The business has a fifty day simple moving average of $0.25 and a 200 day simple moving average of $0.35. UTime has a 1 year low of $0.14 and a 1 year high of $62.25.

UTime shares are scheduled to reverse split on the morning of Monday, March 31st. The 1-10 reverse split was announced on Wednesday, March 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 28th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in UTime stock. XTX Topco Ltd bought a new position in shares of UTime Limited (NASDAQ:WTO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned about 0.67% of UTime at the end of the most recent reporting period. Institutional investors own 1.07% of the company’s stock.

UTime Company Profile

UTime Limited, together with its subsidiaries, designs, develops, manufactures, sells, and operates mobile phones, accessories, and related consumer electronics. The company offers consumer electronics, such as power banks, bluetooth speakers, batteries, chargers, cell phone parts, molds, and shells.