U-BX Technology Ltd. (NASDAQ:MF) Shares Shorted: Short Interest Up 442.6% in October

U-BX Technology Ltd. (NASDAQ:MF) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 11,238 shares, an increase of 442.6% from the October 15th total of 2,071 shares. Based on an average daily volume of 114,311 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

Analyst Ratings Changes

MF has been the subject of several research reports. Weiss Ratings raised shares of U-BX Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. 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 investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

U-BX Technology Stock Performance

Shares of MF stock traded down $0.49 on Wednesday, hitting $16.41. The stock had a trading volume of 8,908 shares, compared to its average volume of 451,200. U-BX Technology has a one year low of $2.12 and a one year high of $83.50. The business has a 50 day moving average price of $11.87 and a 200 day moving average price of $25.00.

U-BX Technology (NASDAQ:MF) last announced its quarterly earnings results on Monday, October 26th. The company reported ($10.15) earnings per share for the quarter. The firm had revenue of $1.60 million for the quarter.

About U-BX Technology

U-BX Technology is a China-based insurance technology company that develops and operates an artificial intelligence-powered platform for the insurance industry. The company’s technology is designed to connect insurance providers, brokers, agents and customers through digital tools and data-driven services. Its business activities include providing insurance-related products and services, with offerings reported to include auto insurance, health insurance and life insurance. The platform is intended to support the distribution and management of insurance products while helping industry participants improve customer engagement and operating efficiency.