U-BX Technology Ltd. (NASDAQ:UBXG) Sees Large Growth in Short Interest

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

Institutional Trading of U-BX Technology

An institutional investor recently bought a new position in U-BX Technology stock. XTX Topco Ltd purchased a new stake in shares of U-BX Technology Ltd. (NASDAQ:UBXG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned 0.08% of U-BX Technology at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U-BX Technology in a research report on Friday, July 17th. Wall Street Zen lowered U-BX Technology to a “strong sell” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

U-BX Technology Stock Performance

Shares of NASDAQ:UBXG opened at $4.91 on Tuesday. The firm has a 50 day simple moving average of $5.09 and a 200 day simple moving average of $26.69. U-BX Technology has a 52 week low of $2.12 and a 52 week high of $112.50.

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. 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.