UTime Limited (NASDAQ:WTO) Short Interest Up 326.6% in December

UTime Limited (NASDAQ:WTO) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 631,300 shares, an increase of 326.6% from the November 30th total of 148,000 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 0.6 days.

UTime Stock Performance

Shares of UTime stock opened at $0.30 on Thursday. UTime has a twelve month low of $0.24 and a twelve month high of $62.25. The business has a 50-day moving average price of $0.36 and a 200-day moving average price of $10.81.

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.