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

U-BX Technology Ltd. (NASDAQ:UBXG) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 237,843 shares, an increase 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. Approximately 14.1% of the shares of the 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 position in U-BX Technology Ltd. (NASDAQ:UBXG) during the 4th quarter, according to the company in its most recent Form 13F filing 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 approximately 0.08% of U-BX Technology as of its most recent SEC filing.

Analyst Upgrades and Downgrades

UBXG has been the topic of a number of recent research reports. Wall Street Zen downgraded U-BX Technology to a “strong sell” rating in a research report on Saturday, June 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

U-BX Technology Stock Performance

U-BX Technology stock traded down $0.17 during midday trading on Thursday, reaching $8.32. The stock had a trading volume of 1,121,366 shares, compared to its average volume of 509,265. U-BX Technology has a 52-week low of $2.75 and a 52-week high of $112.50. The company has a fifty day moving average of $10.89 and a 200 day moving average of $34.03.

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

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.