UTime Limited (NASDAQ:WTO) Short Interest Update

UTime Limited (NASDAQ:WTO) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 439,000 shares, an increase of 43.0% from the March 15th total of 306,900 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is presently 8.0 days. Currently, 17.4% of the company’s shares are sold short.

Institutional Investors Weigh In On UTime

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

UTime Trading Down 13.2 %

Shares of WTO traded down $0.23 on Friday, reaching $1.53. 117,876 shares of the company’s stock were exchanged, compared to its average volume of 120,810. UTime has a 12 month low of $1.06 and a 12 month high of $622.50. The business has a 50 day moving average price of $2.06 and a two-hundred day moving average price of $2.99.

About UTime

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.