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

U-BX Technology Ltd. (NASDAQ:UBXG) was the recipient of a significant increase in short interest in 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. Currently, 14.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,718,777 shares, the short-interest ratio is currently 0.1 days.

U-BX Technology Trading Down 2.0%

Shares of UBXG traded down $0.17 during trading hours on Thursday, hitting $8.32. The company had a trading volume of 1,121,366 shares, compared to its average volume of 509,265. U-BX Technology has a one year low of $2.75 and a one year high of $112.50. The company’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $34.03.

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

Analyst Ratings Changes

A number of research firms recently weighed in on UBXG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U-BX Technology in a research note on Monday, April 20th. Wall Street Zen downgraded shares of U-BX Technology to a “strong sell” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, U-BX Technology has an average rating of “Sell”.

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 U-BX Technology Ltd. (NASDAQ:UBXG) during the fourth quarter, according to its most recent 13F filing with the 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 as of its most recent filing with the SEC.

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.