U-BX Technology Ltd. (NASDAQ:MF – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 2,071 shares, a drop of 81.9% from the September 30th total of 11,424 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 92,327 shares, the days-to-cover ratio is presently 0.0 days.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Wall Street Zen upgraded shares of U-BX Technology from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 18th. Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, U-BX Technology presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on U-BX Technology
U-BX Technology Stock Performance
NASDAQ MF traded down $1.76 during mid-day trading on Tuesday, hitting $8.71. The stock had a trading volume of 65,045 shares, compared to its average volume of 453,222. The company has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $27.53. U-BX Technology has a 52-week low of $2.12 and a 52-week high of $83.50.
U-BX Technology (NASDAQ:MF – Get Free Report) last posted its earnings results on Monday, October 26th. The company reported ($10.15) EPS for the quarter. The business had revenue of $1.60 million during the quarter.
About U-BX Technology
U-BX Technology is a China-based insurance technology company that develops and operates an artificial intelligence-powered platform for the insurance industry. The company’s technology is designed to connect insurance providers, brokers, agents and customers through digital tools and data-driven services.
Its business activities include providing insurance-related products and services, with offerings reported to include auto insurance, health insurance and life insurance. The platform is intended to support the distribution and management of insurance products while helping industry participants improve customer engagement and operating efficiency.
U-BX Technology was established in 2015 and is based in Hangzhou, China.
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