U-BX Technology Ltd. (NASDAQ:MF) Stock Short Interest Climbs 442.6%

U-BX Technology Ltd. (NASDAQ:MF) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 11,238 shares, a growth of 442.6% from the October 15th total of 2,071 shares. Based on an average daily volume of 114,311 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are sold short.

U-BX Technology Stock Performance

U-BX Technology stock traded up $1.40 during trading hours on Thursday, reaching $18.90. The stock had a trading volume of 33,236 shares, compared to its average volume of 285,606. The business’s 50 day moving average price is $12.00 and its 200-day moving average price is $24.67. U-BX Technology has a 52 week low of $2.12 and a 52 week high of $83.50.

U-BX Technology (NASDAQ:MF) last announced its earnings results on Monday, October 26th. The company reported ($10.15) earnings per share for the quarter. The company had revenue of $1.60 million during the quarter.

Analysts Set New Price Targets

Several analysts have issued reports on MF shares. Weiss Ratings raised shares of U-BX Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wall Street Zen raised U-BX Technology from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, U-BX Technology presently has a consensus rating of “Sell”.

U-BX Technology Company Profile

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.