Short Interest in U-BX Technology Ltd. (NASDAQ:UBXG) Drops By 78.6%

U-BX Technology Ltd. (NASDAQ:UBXG – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 50,919 shares, a drop of 78.6% from the June 15th total of 237,843 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,288,826 shares, the short-interest ratio is presently 0.0 days.

U-BX Technology Stock Up 13.4%

Shares of U-BX Technology stock traded up $0.62 during trading hours on Friday, reaching $5.25. The company’s stock had a trading volume of 602,226 shares, compared to its average volume of 2,738,833. U-BX Technology has a one year low of $2.12 and a one year high of $112.50. The stock’s fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $30.27.

Get U-BX Technology alerts:

Hedge Funds Weigh In On U-BX Technology

A hedge fund recently bought a new stake in U-BX Technology stock. XTX Topco Ltd acquired a new position in shares of U-BX Technology Ltd. (NASDAQ:UBXG – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned approximately 0.08% of U-BX Technology as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBXG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U-BX Technology in a research note on Monday, April 20th. Wall Street Zen downgraded U-BX Technology to a “strong sell” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Analysis on UBXG

U-BX Technology Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than U-BX Technology
• Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Power Struggle: Wolfspeed Sues Navitas Over AI Chips
• Why WD-40 Is Proving Great Businesses Never Go Out of Style
• Pushing the Edge: Super Micro Computer Reboots the AI Landscape

Receive News & Ratings for U-BX Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U-BX Technology and related companies with MarketBeat.com's FREE daily email newsletter.