U-BX Technology Ltd. (NASDAQ:UBXG) Short Interest Up 358.0% in July

U-BX Technology Ltd. (NASDAQ:UBXGGet Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 233,203 shares, a growth of 358.0% from the June 30th total of 50,919 shares. Currently, 13.8% of the company’s stock are sold short. Based on an average trading volume of 1,467,003 shares, the days-to-cover ratio is currently 0.2 days.

U-BX Technology Trading Down 2.4%

Shares of NASDAQ UBXG traded down $0.12 during trading on Monday, reaching $4.91. 272,074 shares of the stock were exchanged, compared to its average volume of 1,155,834. The business’s 50-day moving average price is $5.06 and its 200 day moving average price is $27.00. U-BX Technology has a twelve month low of $2.12 and a twelve month high of $112.50.

Institutional Investors Weigh In On U-BX Technology

An institutional investor recently bought a new position in U-BX Technology stock. XTX Topco Ltd purchased a new position in shares of U-BX Technology Ltd. (NASDAQ:UBXGFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter.

Analyst Ratings Changes

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

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About U-BX Technology

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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.

Further Reading

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