Short Interest in UTime Limited (NASDAQ:WTO) Expands By 43.0%

UTime Limited (NASDAQ:WTO) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 439,000 shares, a growth of 43.0% from the March 15th total of 306,900 shares. Approximately 17.4% of the shares of the stock are sold short. Based on an average daily volume of 54,800 shares, the days-to-cover ratio is presently 8.0 days.

UTime Stock Performance

UTime stock opened at $1.53 on Friday. UTime has a twelve month low of $1.06 and a twelve month high of $622.50. The company’s 50-day moving average price is $2.03 and its 200-day moving average price is $2.97.

Institutional Trading of UTime

A hedge fund recently bought a new stake in UTime stock. XTX Topco Ltd purchased a new position in UTime Limited (NASDAQ:WTO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned 0.67% of UTime at the end of the most recent reporting period. Institutional investors and hedge funds own 1.07% of the company’s stock.

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.