UTime Limited (NASDAQ:WTO – Get Free Report) was the recipient of 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. Based on an average trading volume of 6,447,028 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1,217.9% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of UTime in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, UTime currently has a consensus rating of “Sell”.
View Our Latest Research Report on WTO
UTime Stock Performance
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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