UTime Limited (NASDAQ:WTO) Sees Large Decline in Short Interest

UTime Limited (NASDAQ:WTO) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 483,700 shares, a drop of 44.2% from the October 15th total of 866,700 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 3,230,000 shares, the short-interest ratio is presently 0.1 days.

UTime Price Performance

WTO opened at $0.36 on Friday. The business has a fifty day moving average price of $0.51 and a 200 day moving average price of $12.74. UTime has a 12 month low of $0.30 and a 12 month high of $62.25.

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.