Short Interest in UTime Limited (NASDAQ:WTO) Declines By 40.1%

UTime Limited (NASDAQ:WTO) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 148,000 shares, a decline of 40.1% from the November 15th total of 247,000 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is currently 0.1 days.

UTime Stock Performance

Shares of UTime stock opened at $0.31 on Thursday. UTime has a one year low of $0.30 and a one year high of $62.25. The company has a 50-day simple moving average of $0.38 and a two-hundred day simple moving average of $11.67.

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.