XIAO-I (NASDAQ:AIXI) Trading 10.9% Higher – Still a Buy?

Shares of XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) traded up 10.9% during trading on Wednesday . The stock traded as high as $3.06 and last traded at $3.05. 126,213 shares changed hands during trading, a decline of 9% from the average session volume of 137,978 shares. The stock had previously closed at $2.75.

XIAO-I Price Performance

The company’s 50 day simple moving average is $3.14 and its two-hundred day simple moving average is $4.13.

Hedge Funds Weigh In On XIAO-I

An institutional investor recently bought a new position in XIAO-I stock. HighTower Advisors LLC acquired a new stake in shares of XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,877 shares of the company’s stock, valued at approximately $94,000. HighTower Advisors LLC owned about 0.23% of XIAO-I at the end of the most recent quarter. Institutional investors and hedge funds own 3.99% of the company’s stock.

About XIAO-I

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.