UTime Limited (NASDAQ:WTO) Short Interest Update

UTime Limited (NASDAQ:WTO) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 74,500 shares, a drop of 83.0% from the March 31st total of 439,000 shares. Based on an average trading volume of 85,800 shares, the short-interest ratio is currently 0.9 days. Approximately 2.9% of the company’s stock are sold short.

UTime Price Performance

Shares of NASDAQ WTO opened at $2.05 on Monday. UTime has a 1 year low of $1.06 and a 1 year high of $622.50. The firm has a 50-day moving average of $1.91 and a 200 day moving average of $2.87.

Institutional Inflows and Outflows

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

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.