UTime Limited (NASDAQ:WTO) Sees Large Decline in Short Interest

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

UTime Trading Up 12.2 %

NASDAQ WTO opened at $0.32 on Thursday. The company has a 50 day moving average price of $0.33 and a two-hundred day moving average price of $9.41. UTime has a 12-month low of $0.24 and a 12-month 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.