UTime Limited (NASDAQ:WTO) Sees Significant Growth in Short Interest

UTime Limited (NASDAQ:WTO) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 423,900 shares, an increase of 1,176.8% from the August 31st total of 33,200 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 210,500 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 210,500 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.1% of the shares of the stock are sold short.

UTime Trading Up 5.7%

Shares of UTime stock opened at $1.12 on Wednesday. UTime has a 1 year low of $0.75 and a 1 year high of $4.94. The company has a 50 day simple moving average of $1.07 and a two-hundred day simple moving average of $1.30.

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.