UTime Limited (NASDAQ:WTO) Short Interest Down 17.0% in February

UTime Limited (NASDAQ:WTO) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 694,100 shares, a decrease of 17.0% from the February 13th total of 836,000 shares. Based on an average daily volume of 869,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Trading of UTime

An institutional investor recently bought a new position in UTime stock. XTX Topco Ltd acquired a new position in shares of 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 acquired 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 quarter. Institutional investors own 1.07% of the company’s stock.

UTime Price Performance

WTO stock opened at $0.21 on Tuesday. The business’s fifty day moving average is $0.27 and its 200-day moving average is $0.42. UTime has a twelve month low of $0.18 and a twelve month high of $62.25.

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.