UTime Limited (NASDAQ:WTO) Short Interest Update

UTime Limited (NASDAQ:WTO) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 59,800 shares, a decrease of 15.5% from the April 30th total of 70,800 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 146,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in UTime stock. XTX Topco Ltd bought a new position in shares of UTime Limited (NASDAQ:WTO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned about 0.67% of UTime as of its most recent SEC filing. 1.07% of the stock is owned by institutional investors.

UTime Price Performance

WTO opened at $0.90 on Wednesday. UTime has a 1-year low of $0.75 and a 1-year high of $622.50. The company’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $2.44.

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.