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 September. As of September 30th, there was short interest totaling 109,300 shares, an increase of 361.2% from the September 15th total of 23,700 shares. Based on an average trading volume of 318,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 318,300 shares, the days-to-cover ratio is presently 0.3 days.

U-BX Technology Stock Performance

UBXG opened at $2.42 on Friday. The firm has a 50-day moving average of $2.48 and a 200 day moving average of $3.11. U-BX Technology has a fifty-two week low of $1.62 and a fifty-two week high of $8.48.

Analysts Set New Price Targets

UBXG has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of U-BX Technology to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average 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.