UTime Stock to Reverse Split on Monday, March 31st (NASDAQ:WTO)

UTime Limited (NASDAQ:WTO)’s stock is set to reverse split on the morning of Monday, March 31st. The 1-10 reverse split was announced on Wednesday, March 26th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 28th.

UTime Price Performance

Shares of WTO stock traded up $0.00 during mid-day trading on Thursday, reaching $0.17. The stock had a trading volume of 508,982 shares, compared to its average volume of 1,118,418. UTime has a 52-week low of $0.15 and a 52-week high of $62.25. The stock’s 50-day moving average price is $0.26 and its two-hundred day moving average price is $0.36.

Hedge Funds Weigh In On UTime

An institutional investor recently bought a new position in UTime stock. XTX Topco Ltd bought a new position in UTime Limited (NASDAQ:WTO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned about 0.67% of UTime at the end of the most recent quarter. Hedge funds and other institutional investors own 1.07% of the company’s stock.

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.