UTime Limited (NASDAQ:WTO) Short Interest Update

UTime Limited (NASDAQ:WTO) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 974,358 shares, an increase of 1,894.9% from the May 31st total of 48,843 shares. Currently, 1,217.9% of the company’s shares are sold short. Based on an average daily trading volume, of 6,447,028 shares, the short-interest ratio is currently 0.2 days.

UTime Trading Up 7.3%

NASDAQ WTO traded up $0.43 on Thursday, reaching $6.35. 20,341 shares of the stock traded hands, compared to its average volume of 101,639. The company has a fifty day moving average price of $12.76 and a 200-day moving average price of $26.71. UTime has a 12 month low of $5.02 and a 12 month high of $7,700.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of UTime in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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. It provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa.