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

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

Xiao-I Price Performance

Shares of NASDAQ:AIXI opened at $5.57 on Friday. Xiao-I has a 12-month low of $2.06 and a 12-month high of $24.66. The stock’s 50 day moving average price is $5.12.

Institutional Trading of Xiao-I

An institutional investor recently bought a new position in Xiao-I stock. Murchinson Ltd. bought a new stake in Xiao-I Co. (NASDAQ:AIXI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 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.