UTime Stock Scheduled to Reverse Split on Monday, March 31st (NASDAQ:WTO)

UTime Limited (NASDAQ:WTO) shares are set to reverse split before the market opens on 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.

UTime Stock Up 1.9 %

Shares of NASDAQ WTO traded up $0.00 during midday trading on Thursday, reaching $0.17. The stock had a trading volume of 508,982 shares, compared to its average volume of 1,113,964. The company’s 50 day moving average price is $0.26 and its 200 day moving average price is $0.36. UTime has a twelve month low of $0.15 and a twelve month high of $62.25.

Hedge Funds Weigh In On UTime

An institutional investor recently bought a new position in UTime stock. XTX Topco Ltd acquired a new stake in UTime Limited (NASDAQ:WTO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned 0.67% of UTime at the end of the most recent reporting period. 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.