UTime Limited (NASDAQ:WTO – Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 62,171 shares, a decrease of 93.6% from the June 15th total of 974,358 shares. Currently, 77.7% of the shares of the stock are short sold. Based on an average trading volume of 71,832 shares, the short-interest ratio is currently 0.9 days.
UTime Trading Down 3.6%
NASDAQ:WTO traded down $0.34 during mid-day trading on Friday, hitting $9.26. 74,183 shares of the company’s stock traded hands, compared to its average volume of 375,431. The company has a fifty day moving average of $9.42 and a 200 day moving average of $23.60. UTime has a twelve month low of $5.02 and a twelve month high of $7,700.00.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
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.
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