UTime Limited (NASDAQ:WTO) Short Interest Down 93.6% in June

UTime Limited (NASDAQ:WTO) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 62,171 shares, a drop of 93.6% from the June 15th total of 974,358 shares. Currently, 77.7% of the shares of the company are sold short. Based on an average daily trading volume, of 71,832 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

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

UTime Stock Down 3.6%

Shares of WTO stock traded down $0.34 during mid-day trading on Friday, reaching $9.26. The stock had a trading volume of 74,183 shares, compared to its average volume of 375,431. UTime has a 1-year low of $5.02 and a 1-year high of $7,700.00. The business’s fifty day moving average is $9.42 and its 200-day moving average is $23.60.

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. 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.