U-BX Technology Ltd. (NASDAQ:MF) Shares Shorted: Short Interest Up 442.6% in October

U-BX Technology Ltd. (NASDAQ:MF) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 11,238 shares, an increase of 442.6% from the October 15th total of 2,071 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 114,311 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MF shares. Wall Street Zen upgraded U-BX Technology from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 18th. Weiss Ratings raised U-BX Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating. According to MarketBeat, U-BX Technology has a consensus rating of “Sell”.

U-BX Technology Stock Performance

U-BX Technology stock traded up $1.16 during mid-day trading on Friday, hitting $20.06. The company had a trading volume of 31,429 shares, compared to its average volume of 447,464. U-BX Technology has a 1 year low of $2.12 and a 1 year high of $83.50. The business has a fifty day moving average of $12.00 and a 200 day moving average of $24.67.

U-BX Technology (NASDAQ:MF) last issued its quarterly earnings data on Monday, October 26th. The company reported ($10.15) earnings per share for the quarter. The firm had revenue of $1.60 million for the quarter.

U-BX Technology Company Profile

U-BX Technology is a China-based insurance technology company that develops and operates an artificial intelligence-powered platform for the insurance industry. The company’s technology is designed to connect insurance providers, brokers, agents and customers through digital tools and data-driven services. Its business activities include providing insurance-related products and services, with offerings reported to include auto insurance, health insurance and life insurance. The platform is intended to support the distribution and management of insurance products while helping industry participants improve customer engagement and operating efficiency.