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

U-BX Technology Ltd. (NASDAQ:UBXG) saw a large 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. Based on an average trading volume of 81,996 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are short sold.

U-BX Technology Stock Performance

Shares of UBXG traded down $0.07 during midday trading on Tuesday, reaching $3.10. The stock had a trading volume of 131,088 shares, compared to its average volume of 249,797. The firm has a 50 day simple moving average of $18.27 and a 200-day simple moving average of $37.36. U-BX Technology has a one year low of $2.75 and a one year high of $112.50.

U-BX Technology (NASDAQ:UBXG) last posted its earnings results 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.

Institutional Trading of U-BX Technology

An institutional investor recently bought a new position in U-BX Technology stock. XTX Topco Ltd bought a new position in shares of U-BX Technology Ltd. (NASDAQ:UBXG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Analyst Ratings Changes

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