Short Interest in UTime Limited (NASDAQ:WTO) Drops By 47.9%

UTime Limited (NASDAQ:WTO) was the recipient of 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 trading volume of 1,100,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.8% of the company’s shares are short sold.

UTime Stock Performance

UTime stock opened at $0.31 on Tuesday. UTime has a 12 month low of $0.24 and a 12 month high of $62.25. The stock’s 50-day moving average is $0.33 and its 200-day moving average is $9.53.

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.