Short Interest in U-BX Technology Ltd. (NASDAQ:UBXG) Expands By 2,002.8%

U-BX Technology Ltd. (NASDAQ:UBXG) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 237,843 shares, a growth of 2,002.8% from the May 31st total of 11,311 shares. Based on an average daily volume of 3,718,777 shares, the days-to-cover ratio is currently 0.1 days. Currently, 14.1% of the company’s shares are sold short.

Institutional Investors Weigh In On U-BX Technology

An institutional investor recently bought a new position in U-BX Technology stock. XTX Topco Ltd acquired a new stake in shares of U-BX Technology Ltd. (NASDAQ:UBXG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned about 0.08% of U-BX Technology as of its most recent filing with the Securities & Exchange Commission.

U-BX Technology Stock Down 2.0%

NASDAQ UBXG opened at $8.32 on Friday. U-BX Technology has a 1 year low of $2.75 and a 1 year high of $112.50. The business’s fifty day moving average is $10.52 and its two-hundred day moving average is $33.72.

U-BX Technology (NASDAQ:UBXG) last released its quarterly earnings data on Friday, April 3rd. The company reported ($4.50) earnings per share for the quarter. The firm had revenue of $5.83 million during the quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on UBXG shares. Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a research note on Monday, April 20th. Wall Street Zen downgraded shares of U-BX Technology to a “strong sell” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.