U-BX Technology Ltd. (NASDAQ:UBXG) Short Interest Update

U-BX Technology Ltd. (NASDAQ:UBXG) was the recipient of a significant increase in short interest during the month of 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.

Hedge Funds Weigh In On U-BX Technology

An institutional investor recently bought a new stake in U-BX Technology stock. XTX Topco Ltd acquired a new position in shares of U-BX Technology Ltd. (NASDAQ:UBXG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Analysts Set New Price Targets

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

U-BX Technology Stock Performance

Shares of NASDAQ UBXG opened at $7.13 on Friday. The company has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $33.53. U-BX Technology has a 1 year low of $2.75 and a 1 year high of $112.50.

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