U-BX Technology Ltd. (NASDAQ:UBXG) Short Interest Up 180.8% in April

U-BX Technology Ltd. (NASDAQ:UBXG) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 103,830 shares, an increase of 180.8% from the April 15th total of 36,975 shares. Based on an average daily volume of 661,464 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of U-BX Technology

A hedge fund recently bought a new stake in U-BX Technology stock. XTX Topco Ltd acquired a new stake in shares of U-BX Technology Ltd. (NASDAQ:UBXG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned 0.08% of U-BX Technology at the end of the most recent quarter.

U-BX Technology Stock Down 0.6%

Shares of NASDAQ:UBXG opened at $0.14 on Friday. The stock’s 50-day moving average is $1.27 and its 200-day moving average is $1.75. U-BX Technology has a 52-week low of $0.11 and a 52-week high of $4.50.

U-BX Technology (NASDAQ:UBXG) last released its earnings results on Friday, April 3rd. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $5.83 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, U-BX Technology presently has an average rating of “Sell”.

About U-BX Technology

U-BX Technology Ltd. focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. The company offers digital promotion services, risk assessment services, and value-added bundled benefits to property and auto insurance carriers, and insurance brokers. It also provides insurance-related information to individual consumers; and auto maintenance, auto value added, vehicle moving notification, and other services. The company was formerly known as Famingsur Develop Limited and changed its name to U-BX Technology Ltd.