UTime Limited (NASDAQ:WTO – Get Free Report) was the recipient of a large increase in short interest in 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. Approximately 1,217.9% of the company’s stock are short sold. Based on an average trading volume of 6,447,028 shares, the days-to-cover ratio is currently 0.2 days.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of UTime in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Research Report on WTO
UTime Stock Up 7.3%
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.
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