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

U-BX Technology Ltd. (NASDAQ:UBXG) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 50,919 shares, a decrease of 78.6% from the June 15th total of 237,843 shares. Based on an average daily trading volume, of 1,288,826 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.0% of the company’s stock are sold short.

U-BX Technology Trading Up 13.4%

Shares of UBXG stock traded up $0.62 on Friday, reaching $5.25. The company’s stock had a trading volume of 602,226 shares, compared to its average volume of 2,738,833. The stock’s 50 day simple moving average is $5.81 and its 200-day simple moving average is $30.27. U-BX Technology has a 12-month low of $2.12 and a 12-month high of $112.50.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On U-BX Technology

An institutional investor recently bought a new stake in U-BX Technology stock. XTX Topco Ltd bought a new position in U-BX Technology Ltd. (NASDAQ:UBXG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 reporting period.

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.