U-BX Technology Ltd. (NASDAQ:MF) Sees Large Drop in Short Interest

U-BX Technology Ltd. (NASDAQ:MF) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 17,494 shares, a decrease of 78.5% from the July 30th total of 81,333 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 534,643 shares, the days-to-cover ratio is presently 0.0 days.

U-BX Technology Trading Up 3.6%

MF traded up $0.68 on Friday, hitting $19.49. The company had a trading volume of 33,252 shares, compared to its average volume of 335,192. The business’s fifty day simple moving average is $7.13 and its 200 day simple moving average is $27.70. U-BX Technology has a 12-month low of $2.12 and a 12-month high of $83.50.

Wall Street Analysts Forecast Growth

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

Institutional Trading of U-BX Technology

An institutional investor 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:MF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned 0.08% of U-BX Technology as of its most recent SEC filing.

U-BX Technology Company Profile

U-BX Technology is an insurance technology company that uses artificial intelligence, data analytics and software tools to support participants in the insurance industry. Its business is focused on helping insurance companies, brokers and agents improve customer acquisition, risk assessment, policy administration and other parts of the insurance distribution process.

The company provides technology-enabled insurance solutions and insurance brokerage services. Its platform is designed to connect insurance-related businesses with customers and to support the development, marketing and servicing of insurance products.