UTime Limited (NASDAQ:WTO) Sees Significant Drop in Short Interest

UTime Limited (NASDAQ:WTO) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 329,000 shares, a drop of 47.9% from the December 31st total of 631,300 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is presently 0.3 days.

UTime Stock Performance

Shares of NASDAQ WTO opened at $0.29 on Thursday. The firm has a 50 day moving average price of $0.32 and a 200 day moving average price of $7.85. UTime has a 52-week low of $0.24 and a 52-week high of $62.25.

UTime Company Profile

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.