Short Interest in UTime Limited (NASDAQ:WTO) Drops By 50.0%

UTime Limited (NASDAQ:WTO) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 25,500 shares, a decline of 50.0% from the May 31st total of 51,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 692,600 shares, the short-interest ratio is presently 0.0 days.

UTime Price Performance

Shares of UTime stock remained flat at $0.68 during trading on Friday. 54,288 shares of the company traded hands, compared to its average volume of 229,325. UTime has a one year low of $0.13 and a one year high of $2.83. The firm’s 50 day moving average is $0.44 and its 200-day moving average is $0.31.

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.