UTime Limited (NASDAQ:WTO) Short Interest Up 192.3% in May

UTime Limited (NASDAQ:WTO) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 59,559 shares, an increase of 192.3% from the April 30th total of 20,374 shares. Approximately 7.4% of the shares of the stock are sold short. Based on an average daily volume of 2,752,749 shares, the days-to-cover ratio is presently 0.0 days.

UTime Price Performance

WTO stock traded up $0.01 during trading on Friday, reaching $1.03. 23,272 shares of the company were exchanged, compared to its average volume of 1,667,323. UTime has a twelve month low of $0.75 and a twelve month high of $770.00. The company has a 50-day moving average of $1.92 and a two-hundred day moving average of $3.84.

UTime (NASDAQ:WTO) last posted its earnings results on Wednesday, March 18th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $6.99 million for the quarter.

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.