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

Shares of UTime Limited (NASDAQ:WTO) are scheduled to reverse split before the market opens on 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 closing bell on Friday, March 28th.

UTime Trading Up 1.9 %

NASDAQ WTO traded up $0.00 during trading hours on Thursday, hitting $0.17. 508,982 shares of the company’s stock were exchanged, compared to its average volume of 1,113,964. The stock has a 50-day simple moving average of $0.26 and a 200 day simple moving average of $0.36. UTime has a 1-year low of $0.15 and a 1-year high of $62.25.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in UTime stock. XTX Topco Ltd acquired a new position in UTime Limited (NASDAQ:WTO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,771 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned about 0.67% of UTime as of its most recent SEC filing. 1.07% of the stock is currently owned by hedge funds and other institutional investors.

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.