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

U-BX Technology Ltd. (NASDAQ:UBXG) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 11,311 shares, a decrease of 98.8% from the May 14th total of 931,234 shares. Based on an average daily volume of 81,996 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Trading of 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 fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

U-BX Technology Stock Up 31.5%

Shares of U-BX Technology stock traded up $1.02 during trading on Thursday, hitting $4.26. The company’s stock had a trading volume of 2,041,012 shares, compared to its average volume of 95,990. The company has a fifty day simple moving average of $17.55 and a two-hundred day simple moving average of $37.05. U-BX Technology has a 52 week low of $2.75 and a 52 week high of $112.50.

U-BX Technology (NASDAQ:UBXG) last released its quarterly earnings data on Friday, April 3rd. The company reported ($4.50) earnings per share for the quarter. The business had revenue of $5.83 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.