U-BX Technology Ltd. (NASDAQ:UBXG) Sees Significant Increase in Short Interest

U-BX Technology Ltd. (NASDAQ:UBXG) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 103,830 shares, a growth of 180.8% from the April 15th total of 36,975 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 661,464 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a research note on Monday, April 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”.

U-BX Technology Stock Performance

UBXG stock opened at $0.14 on Friday. The firm has a 50 day moving average of $1.27 and a 200-day moving average of $1.75. U-BX Technology has a 12 month low of $0.11 and a 12 month high of $4.50.

U-BX Technology (NASDAQ:UBXG) last posted its earnings results on Friday, April 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $5.83 million for the quarter.

Institutional Investors Weigh In On U-BX Technology

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