UTime Limited (NASDAQ:WTO) Short Interest Update

UTime Limited (NASDAQ:WTO) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 974,358 shares, a growth of 1,894.9% from the May 31st total of 48,843 shares. Approximately 1,217.9% of the company’s shares are short sold. Based on an average daily volume of 6,447,028 shares, the short-interest ratio is presently 0.2 days.

UTime Stock Performance

UTime stock traded up $0.43 during mid-day trading on Thursday, hitting $6.35. The company’s stock had a trading volume of 20,341 shares, compared to its average volume of 101,639. The company has a 50 day moving average of $12.76 and a 200-day moving average of $26.71. UTime has a one year low of $5.02 and a one year high of $7,700.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of UTime in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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. It provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa.