U-BX Technology Ltd. (NASDAQ:UBXG) Short Interest Up 358.0% in July

U-BX Technology Ltd. (NASDAQ:UBXG) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 233,203 shares, an increase of 358.0% from the June 30th total of 50,919 shares. Based on an average daily volume of 1,467,003 shares, the days-to-cover ratio is presently 0.2 days. Approximately 13.8% of the shares of the stock are short sold.

U-BX Technology Stock Down 2.4%

Shares of UBXG opened at $4.91 on Friday. U-BX Technology has a 52-week low of $2.12 and a 52-week high of $112.50. The stock has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $27.15.

Institutional Investors Weigh In On U-BX Technology

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U-BX Technology in a report on Friday, July 17th. Wall Street Zen lowered shares of U-BX Technology to a “strong sell” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.