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

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U-BX Technology stock. XTX Topco Ltd acquired a new stake in U-BX Technology Ltd. (NASDAQ:UBXG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned 0.08% of U-BX Technology at the end of the most recent reporting period.

U-BX Technology Trading Down 2.2%

UBXG traded down $0.07 during mid-day trading on Tuesday, hitting $3.10. The stock had a trading volume of 131,088 shares, compared to its average volume of 249,797. The stock’s fifty day simple moving average is $18.27 and its 200-day simple moving average is $37.36. U-BX Technology has a 1-year low of $2.75 and a 1-year high of $112.50.

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

About U-BX Technology

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.