Short Interest in U-BX Technology Ltd. (NASDAQ:UBXG) Declines By 78.6%

U-BX Technology Ltd. (NASDAQ:UBXG) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 50,919 shares, a drop of 78.6% from the June 15th total of 237,843 shares. Based on an average daily volume of 1,288,826 shares, the short-interest ratio is currently 0.0 days. Currently, 3.0% of the shares of the stock are sold short.

U-BX Technology Stock Performance

Shares of UBXG traded up $1.05 during trading hours on Monday, hitting $6.30. 439,655 shares of the company were exchanged, compared to its average volume of 999,169. The firm has a fifty day simple moving average of $5.42 and a 200-day simple moving average of $29.83. U-BX Technology has a one year low of $2.12 and a one year high of $112.50.

Hedge Funds Weigh In On U-BX Technology

A hedge fund recently bought a new position in U-BX Technology stock. XTX Topco Ltd purchased a new position in U-BX Technology Ltd. (NASDAQ:UBXG) during the fourth quarter, according to the company in its most recent Form 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 at the end of the most recent quarter.

Wall Street Analyst Weigh In

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