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

UTime Limited (NASDAQ:WTO) saw a large increase in short interest during the month of 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. Based on an average daily volume of 2,752,749 shares, the days-to-cover ratio is currently 0.0 days. Currently, 7.4% of the company’s shares are short sold.

UTime Trading Up 1.0%

Shares of NASDAQ:WTO traded up $0.01 during trading on Friday, reaching $1.03. The stock had a trading volume of 23,272 shares, compared to its average volume of 1,667,323. The firm’s fifty day moving average is $1.92 and its 200 day moving average is $3.84. UTime has a 52 week low of $0.75 and a 52 week high of $770.00.

UTime (NASDAQ:WTO) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.01 EPS for the quarter. The firm had revenue of $6.99 million during the quarter.

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.