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

U-BX Technology Ltd. (NASDAQ:UBXG) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 47,500 shares, a drop of 45.0% from the November 30th total of 86,300 shares. Based on an average daily volume of 143,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 8.9% of the company’s shares are short sold.

U-BX Technology Stock Down 3.3 %

Shares of UBXG traded down $0.13 during trading hours on Friday, reaching $3.81. 75,949 shares of the company traded hands, compared to its average volume of 96,039. The stock’s fifty day moving average price is $4.53 and its 200 day moving average price is $69.67. U-BX Technology has a 12-month low of $3.00 and a 12-month high of $567.04.

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.