Short Interest in Xiao-I Co. (NASDAQ:AIXI) Rises By 84.6%

Xiao-I Co. (NASDAQ:AIXI) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 189,600 shares, a growth of 84.6% from the October 15th total of 102,700 shares. Based on an average daily volume of 230,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Xiao-I

A hedge fund recently bought a new stake in Xiao-I stock. Murchinson Ltd. purchased a new position in Xiao-I Co. (NASDAQ:AIXI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,388 shares of the company’s stock, valued at approximately $69,000. Murchinson Ltd. owned 0.05% of Xiao-I as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 3.99% of the company’s stock.

Xiao-I Trading Up 2.8 %

Shares of NASDAQ AIXI opened at $5.54 on Thursday. Xiao-I has a one year low of $2.06 and a one year high of $24.66. The firm has a fifty day moving average price of $5.09.

Xiao-I Company Profile

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.