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

U-BX Technology Ltd. (NASDAQ:UBXG) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 109,300 shares, a growth of 361.2% from the September 15th total of 23,700 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 318,300 shares, the days-to-cover ratio is presently 0.3 days. 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 shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UBXG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of U-BX Technology in a report on Wednesday, October 8th. Wall Street Zen raised U-BX Technology to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, U-BX Technology presently has an average rating of “Sell”.

U-BX Technology Stock Performance

UBXG opened at $2.42 on Friday. The business has a fifty day simple moving average of $2.48 and a 200 day simple moving average of $3.11. U-BX Technology has a 1 year low of $1.62 and a 1 year high of $8.48.

About U-BX Technology

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.