UTime (NASDAQ:WTO) Shares Set to Reverse Split on Monday, March 31st

UTime Limited (NASDAQ:WTO) shares are set to reverse split on the morning of Monday, March 31st. The 1-10 reverse split was announced on Wednesday, March 26th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 28th.

UTime Stock Up 1.9 %

Shares of WTO traded up $0.00 during trading hours on Thursday, reaching $0.17. 508,982 shares of the stock traded hands, compared to its average volume of 1,113,964. UTime has a 52 week low of $0.15 and a 52 week high of $62.25. The stock has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.36.

Hedge Funds Weigh In On UTime

An institutional investor recently bought a new position in UTime stock. XTX Topco Ltd purchased a new position in shares of UTime Limited (NASDAQ:WTO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned 0.67% of UTime at the end of the most recent quarter. Hedge funds and other institutional investors own 1.07% of the company’s stock.

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.