UTime Limited (NASDAQ:WTO) Short Interest Up 3,078.2% in April

UTime Limited (NASDAQ:WTO) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 174,800 shares, an increase of 3,078.2% from the March 31st total of 5,500 shares. Based on an average daily volume of 629,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.3% of the shares of the company are short sold.

UTime Price Performance

Shares of UTime stock opened at $0.27 on Friday. The company’s 50-day moving average price is $0.24 and its 200-day moving average price is $0.25. UTime has a 12-month low of $0.13 and a 12-month high of $3.40.

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.