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

UTime Limited (NASDAQ:WTO) saw a significant drop in short interest during the month of 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 daily volume of 1,100,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.8% of the shares of the company are sold short.

UTime Stock Performance

Shares of NASDAQ:WTO opened at $0.32 on Thursday. The business has a 50 day moving average price of $0.33 and a 200 day moving average price of $9.41. UTime has a twelve month low of $0.24 and a twelve 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.