U-BX Technology Ltd. (NASDAQ:MF) Shares Shorted: Short Interest Up 442.6% in October

U-BX Technology Ltd. (NASDAQ:MF – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 11,238 shares, an increase of 442.6% from the October 15th total of 2,071 shares. Based on an average daily trading volume, of 114,311 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

U-BX Technology Trading Down 2.9%

NASDAQ:MF traded down $0.49 on Wednesday, hitting $16.41. The stock had a trading volume of 8,908 shares, compared to its average volume of 451,200. U-BX Technology has a 52-week low of $2.12 and a 52-week high of $83.50. The business’s 50-day simple moving average is $11.87 and its two-hundred day simple moving average is $25.00.

U-BX Technology (NASDAQ:MF – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The company reported ($10.15) earnings per share for the quarter. The business had revenue of $1.60 million for the quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded U-BX Technology from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 18th. Weiss Ratings raised shares of U-BX Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, U-BX Technology has an average rating of “Sell”.

Get Our Latest Report on U-BX Technology

U-BX Technology Company Profile

(Get Free Report)

U-BX Technology is a China-based insurance technology company that develops and operates an artificial intelligence-powered platform for the insurance industry. The company’s technology is designed to connect insurance providers, brokers, agents and customers through digital tools and data-driven services. Its business activities include providing insurance-related products and services, with offerings reported to include auto insurance, health insurance and life insurance. The platform is intended to support the distribution and management of insurance products while helping industry participants improve customer engagement and operating efficiency.

See Also

Receive News & Ratings for U-BX Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U-BX Technology and related companies with MarketBeat.com's FREE daily email newsletter.