24/7 Market News Snapshot 11 September, 2025 – UTime Limited Ordinary Shares (NASDAQ:WTO)
DENVER, Colo., 11 September, 2025 (www.247marketnews.com) – (NASDAQ:WTO) are discussed in this article.
UTime Limited (NASDAQ:WTO) has witnessed an extraordinary surge in share prices, climbing nearly 48.79% to a current price of $1.964, following a robust trading volume of approximately 1.97 million shares. This bullish trend has sparked strong investor interest, with technical indicators suggesting the potential for further growth. The company’s commitment to innovation in mobile devices has positioned it favorably among investors, as market conditions continue to evolve.
Simultaneously, UTime is actively addressing recent misinformation circulating in the market, prompted by two unauthorized press announcements that inaccurately claimed significant changes to the company’s management and governance. On September 11, 2025, UTime reaffirmed that these claims are completely unfounded. CEO Hengcong Qiu, who also serves as the Chief Financial Officer and Chairman, and other key executives remain in their positions, contrary to the misleading reports.
The company has identified these unauthorized communications as a possible attempt by a former employee to disrupt operations and create doubt among stakeholders. In response, UTime Limited is collaborating with regulatory authorities, including the SEC, to report these fraudulent activities and restore investor confidence in its operations.
UTime Limited is dedicated to maintaining transparency and safeguarding shareholder interests. The company continues to focus on delivering innovative and affordable mobile devices globally, with its current management team committed to ensuring sustained growth and adherence to the highest standards of corporate governance. As UTime navigates this situation, it remains steadfast in its mission to enhance shareholder value and drive operational success. Further updates will be provided as developments occur.