U-BX Technology Ltd. (NASDAQ:MF) Sees Significant Decline in Short Interest

U-BX Technology Ltd. (NASDAQ:MF) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,612 shares, a drop of 38.4% from the August 31st total of 12,364 shares. Based on an average daily volume of 196,077 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.6% of the company’s shares are short sold.

U-BX Technology Stock Down 11.3%

Shares of MF traded down $1.86 during mid-day trading on Thursday, reaching $14.63. The company had a trading volume of 59,232 shares, compared to its average volume of 487,160. U-BX Technology has a fifty-two week low of $2.12 and a fifty-two week high of $83.50. The firm has a fifty day simple moving average of $11.53 and a 200-day simple moving average of $21.81.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MF shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a research report on Friday, July 17th. Wall Street Zen upgraded U-BX Technology from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

U-BX Technology Company Profile

U-BX Technology (NASDAQ:MF) is a China-based insurance technology company that provides digital solutions for the insurance industry. The company uses technology, data analytics and artificial intelligence to support insurance distribution, product development and risk-management activities.

Its platform is designed to connect insurance providers, intermediaries and customers, helping participants with insurance product recommendations, customer acquisition, policy-related services and operational efficiency.