Xiao-I Co. (NASDAQ:AIXI) Short Interest Down 31.2% in June

Xiao-I Co. (NASDAQ:AIXI) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 282,000 shares, a drop of 31.2% from the May 31st total of 409,700 shares. Based on an average daily volume of 236,300 shares, the days-to-cover ratio is currently 1.2 days.

Xiao-I Trading Down 8.4 %

Shares of Xiao-I stock opened at $0.60 on Friday. Xiao-I has a 52 week low of $0.60 and a 52 week high of $10.39. The company’s 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.63.

Hedge Funds Weigh In On Xiao-I

A hedge fund recently bought a new stake in Xiao-I stock. Murchinson Ltd. bought a new position in shares of Xiao-I Co. (NASDAQ:AIXI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned about 0.05% of Xiao-I at the end of the most recent reporting period. 3.99% of the stock is owned by institutional investors.

Xiao-I Company Profile

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides smart city, software, and architectural design artificial intelligence services in the People's Republic of China. It offers software products, such as intelligent interactive platform, intelligent voice platform, knowledge fusion platform, computer vision series platform, and other intelligent products.