U-BX Technology Ltd. (NASDAQ:MF) Sees Large Drop in Short Interest

U-BX Technology Ltd. (NASDAQ:MF) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 17,494 shares, a drop of 78.5% from the July 30th total of 81,333 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 534,643 shares, the days-to-cover ratio is presently 0.0 days.

U-BX Technology Stock Performance

NASDAQ MF traded up $0.29 on Thursday, reaching $18.81. The stock had a trading volume of 38,619 shares, compared to its average volume of 377,821. The firm has a fifty day moving average of $6.81 and a two-hundred day moving average of $27.76. U-BX Technology has a 1-year low of $2.12 and a 1-year high of $83.50.

Hedge Funds Weigh In On U-BX Technology

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

Analysts Set New Price Targets

A number of research analysts recently commented on MF shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a research note on Friday, July 17th. Wall Street Zen upgraded shares of U-BX Technology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

U-BX Technology Company Profile

U-BX Technology is an insurance technology company that uses artificial intelligence, data analytics and software tools to support participants in the insurance industry. Its business is focused on helping insurance companies, brokers and agents improve customer acquisition, risk assessment, policy administration and other parts of the insurance distribution process.

The company provides technology-enabled insurance solutions and insurance brokerage services. Its platform is designed to connect insurance-related businesses with customers and to support the development, marketing and servicing of insurance products.