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

UTime Limited (NASDAQ:WTO) shares are scheduled 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 closing bell on Friday, March 28th.

UTime Trading Up 1.9 %

WTO stock traded up $0.00 during mid-day trading on Thursday, hitting $0.17. 508,982 shares of the stock were exchanged, compared to its average volume of 1,113,964. UTime has a 12 month low of $0.15 and a 12 month high of $62.25. The business has a fifty day moving average price of $0.26 and a 200 day moving average price of $0.36.

Institutional Investors Weigh In On UTime

A hedge fund recently bought a new stake in UTime stock. XTX Topco Ltd bought a new stake in UTime Limited (NASDAQ:WTO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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. 1.07% of the stock is currently owned by institutional investors.

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.