U-BX Technology Ltd. (NASDAQ:UBXG) Sees Large Increase in Short Interest

U-BX Technology Ltd. (NASDAQ:UBXG) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 233,203 shares, an increase of 358.0% from the June 30th total of 50,919 shares. Approximately 13.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,467,003 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On U-BX Technology

A hedge fund recently bought a new position in U-BX Technology stock. XTX Topco Ltd bought a new stake in U-BX Technology Ltd. (NASDAQ:UBXG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned approximately 0.08% of U-BX Technology at the end of the most recent reporting period.

U-BX Technology Trading Down 2.4%

Shares of UBXG opened at $4.91 on Friday. U-BX Technology has a 1-year low of $2.12 and a 1-year high of $112.50. The firm has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $27.15.

Analyst Ratings Changes

Several research analysts recently weighed in on UBXG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a research report on Friday, July 17th. Wall Street Zen downgraded U-BX Technology to a “strong sell” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, U-BX Technology has a consensus rating of “Sell”.

U-BX Technology Company Profile

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.